(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
Last week’s WASDE report projected tightened ending stocks primarily due to weather conditions and Russia’s invasion of Ukraine. The chances of increasing ending stocks to previous levels during this season are very low. Today will review the WASDE report and discuss those factors that have created this bullish market reaction. [Read more…] about High Plains Ag Week 5/16/2022 – WASDE Review
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
There is a growth market for “program cattle” for weaned calves and feeder cattle produced and marketed under a specific production system. Today, we will discuss the potential benefits of implementing these programs in your operation, and the importance of using a partial budget to analyze how profitable can be on your ranch. [Read more…] about High Plains Ag Week 4/25/2022 – Program Cattle – Added Revenue vs Added Costs
The risk of being in another drought is increasing day after day. It is not too soon to prepare ourselves and dust off those drought plans even if there are still chances for rain and better moisture conditions. Today we will focus on those proactive and reactive strategies that we can implement on our ranches. [Read more…] about High Plains Ag Week 4/4/2022 – Dusting off our Drought Management Plans
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
Dryland wheat grain and forage conditions in our area are mostly poor and very poor. The Wheat and Small Grain Decision Aids will help you analyze which is the best alternative for your wheat fields according to your expected yields, production costs, equipment, and other variables. [Read more…] about High Plains Ag Week 3/21/2022 – Dryland Wheat Alternatives
Calf prices are up year over year. At the same time, forage availability is shrinking and grain prices are pressuring profits in the cattle feeding sector. What are the current forces to watch for in the beef cattle market and can retaining ownership increase profit potentials this year?
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
In addition to the other horrors generated by the war, the conflict between Ukraine and Russia has destabilized commodity markets. Commodity prices incorporate a substantial risk premium due to the high chances of lower production, higher costs, and more supply chain disruptions. [Read more…] about High Plains Ag Week 3/7/2022 – Russian Invasion of Ukraine effects in our Operations
Input cost management is on everyone’s mind this year. But how do you even begin to approach cutting costs effectively? Each operation, and really, each field is different. We’ll address specific inputs throughout the spring, but for now, we present three rules of thumb to get you started on your input cost management decisions.
[Read more…] about High Plains Ag Week 1-31-2022 – Rules of Thumb for Input Cost Management
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
Building a profitable business is key to successfully ensuring an economically sustainable operation. Today Pancho Abello will review one of the best tools that ranchers have to improve profits and accurately analyze the production, financial, and economic performance of their operations.
[Read more…] about High Plains Ag Week 1-24-2022 – Building a Profitable Ranch Business
Today we take a look at Texas A&M AgriLife Budgets in the Crop Profitability Analyzer. We’re a bit later in the week in order to highlight a new report out of AFPC focusing on fertilizer prices, which we’ll discuss along with changes in custom service rates, chemicals, and more.
[Read more…] about High Plains Ag Week 1/10/2022 – AgriLife Budgets and Rising Input Prices
We’re back for a new year, and so is Master Marketer. Since 1996, Master Marketer has been teaching producers to reduce risk and gain profit through an intensive eight day series that includes crop and livestock outlooks, sessions on developing marketing skills, and a trading game that simulates marketing in a real historic year. Surveys show that the average producer gains 4.5% or $35,000 on their bottom lines each year as a results of attending Master Marketer.
[Read more…] about High Plains Ag Week 1/3/2022 – Master Marketer