UT Beef Cattle at East TN AgResearch and Education Center
By regularly visiting the UT Department of Agricultural and Resource Economics' website, beef producers can stay up-to-date on the latest information that can help make their operations more profitable. Photo courtesy UTIA.

To succeed at their business, today’s beef cattle producers need to keep up with what’s happening in the current market. That market could be the local livestock auction or the fed cattle trade out west. The University of Tennessee Department of Agricultural and Resource Economics has devoted a section of their website to providing this information, and more, to assist Tennessee beef producers.

By visiting the website regularly, producers can stay up-to-date on feeder and live cattle futures trades, daily Tennessee auction market price reports, weekly feedstuffs prices, monthly Cattle on Feed reports and much, much more, said Tammy McKinley, an agricultural economist with UT Extension. “We have also posted links to several newsletters with current information on the cattle industry, including the monthly Focus on Feedlot: the Feedlot Performance and Feed Cost Summary published by Kansas State University,” she said. “It’s almost like one-stop shopping.”

McKinley says the most recognized portion of this site is the Tennessee Market Highlights, which is published weekly and includes comments on the livestock and crops markets by Andrew Griffith, UT Extension livestock marketing specialist, and Aaron Smith, UT Extension crop marketing specialist.

Decision-aid tools are also available for download, including the Buy/Sell Margins Calculator, an Excel-based tool that allows producers to look at historical buy/sell margins for selected buy-sell periods for different classes of animals. The calculator can help a producer understand the price risk exposure on purchased cattle as well as calves from a cow/calf program, McKinley said.

For more information about UT Extension’s livestock marketing programs, visit the UT Department of Agricultural and Resource Economics website: http://economics.ag.utk.edu/livestockeconomics.html

McKinley also noted that additional resources for Tennessee beef producers can be found online at the UT Beef and Forage Center website: http://utbfc.utk.edu or producers may contact their local county UT Extension office.

UT Extension provides a gateway to the University of Tennessee as the outreach unit of the UT Institute of Agriculture. With an office in every Tennessee county, UT Extension delivers educational programs and research-based information to citizens throughout the state. In cooperation with Tennessee State University, UT Extension works with farmers, families, youth and communities to improve lives by addressing problems and issues at the local, state and national levels.

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Contact:

Tammy McKinley, UT Department of Agricultural and Resource Economics, 865-974-7271, mckinley@tennessee.edu

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