Here are my downloadable preliminary projections for fall 2001 calves, as well as preliminary implications for marketing 2001 calves.
- To download a PDF file of my fall 2001 price projections,click here. (This requires Adobe Acrobat Reader, a free download.)
- To download a PDF file of my fall 2001 price comparison,click here.
- To download a PDF file of my marketing alternatives for 2001 steer calves,click here.
The last week of September was a tough one on cattle prices, and these projections are influenced by those prices. Bear in mind that these projections are made in the bottom of a short-term price slump.
Given the uncertainty of the world situation, beef cow producers might consider some price risk protection with a put in the feeder cattle futures market. I would encourage them to consider an "out of the money" put with a low-premium payment with the idea of preventing any more downside price risk should another national emergency occur.
Harlan Hughes is a Professor Emeritus of North Dakota State University. Retired last spring, he is currently based in Laramie, WY. He can be reached at 307/742-2364 or at firstname.lastname@example.org.