I had the opportunity to interview Lawrence at the convention, and you can listen to my interview with him below. In addition, be sure to check out the tools recommended by Lawrence for buying or selling cattle or calculating operating costs. One tool to check out is www.beefbasis.com, a free website that gives producers the information and analytics they need to improve marketing decisions influenced by cattle basis risk.
Another tool worth looking at is www.iowabeefcenter.org, a university extension program for beef producers offering break even calculators and crush margin tables. As producers navigate the rocky waters of the beef industry today, Lawrence highly recommends these tools to help ranchers find success in tough markets.
Reminder: Today is the last day to enter the BEEF Daily Cowboy Christmas Photography Contest! Be sure to send your favorite photo in! The top 10 photos will be selected for you to vote on in the remaining days until Christmas. Thanks for your participation!
BEEF Daily Quick Fact: The word "cattle" comes from the Old French word "chattle" which means possession. It is believed that cattle were first domesticated in Europe and Asia during the Stone Age. (Source: CyberSpace Farm)