September Florida Cattle Market Price Watch

Oct 10, 2016

By Chris Prevatt

The August 2017 Feeder Cattle futures contract decreased by $10.38/cwt. during September. Based on this futures price decrease, August Feeder Cattle revenues decreased by approximately $77.85/hd. ($10.38/cwt. *
7.5 cwt.) on a 750-pound feeder steer which amounts to $780 per truckload (50,000 lbs.). The August Feeder Cattle futures contract high, contract low, and price range since September 2016 are $128.00, $117.10, and
$10.90/cwt., respectively. The price range of $10.90/cwt. on a 750-pound feeder steer totals $81.75/hd. and $5,450.00 per truckload.

The breakeven price was estimated to be $722.10/hd. or $131.29/cwt. ($722.10/hd. divided by 5.50 cwt.). The breakeven price includes production costs of $705/hd. and death loss of $17.10/hd.
The price objective was estimated to be $872.10/hd. or $158.56/cwt. ($918.00/hd. divided by 5.50 cwt.). The price objective includes production costs of $705/hd., death loss ($17.10/hd.), family living withdrawal
($100/hd.), and growth capital/retirement ($50/hd.).
The expected cash price is equal to the daily August 2017 Feeder Cattle futures closing price plus an expected August 2016 South Florida 550 lb. Feeder Calf Basis of $2/cwt.

Source: ufl.edu

Video: U.S. Swine Health Improvement Plan | Made by Producers for Producers

Join Jill Brokaw, a third-generation pig farmer and staff member of the National Pork Board, as she dives into the vital role of the US Swine Health Improvement Plan, also known as US SHIP. The program establishes a national playbook of standards for monitoring African swine fever and classical swine fever.

Why Should Pork Producers Care? If a disease breaks out, officials will establish a control area to help contain the disease. This plan is designed to mitigate risk and demonstrate freedom of disease at the site level. The goal is to support business continuity outside of the control area in case of an outbreak.

How Will the Pork Industry Use US SHIP? US SHIP uses already existing programs to support the standards for biosecurity, traceability and disease surveillance.

Biosecurity: This plan uses your completed Secure Pork Supply plan to demonstrate compliance with the biosecurity program standards and shows your ability to reduce the risk of disease introduction.

Traceability: AgView can be used to demonstrate compliance with the traceability standards and the ability to electronically provide State and Federal agencies the traceability information they need to determine where disease is and isn’t.

Disease Surveillance: The Certified Swine Sampler Collector Program helps expand the number of people certified to take samples. In the event of a large-scale foreign animal disease outbreak, we will need a trained group of sample collectors to help animal health officials find where the disease is present. This is to help you demonstrate freedom of disease and support the permitted movement of animals.

Getting Started with US SHIP:

1. Enroll in U.S. Swine Health Improvement Plan

2. Share 30 days of movement data

3. Have a completed Secure Pork Supply Plan

4. Become U.S. SHIP certified

5. Maintain communication with your state

Takeaway: U.S. Swine Health Improvement Plan helps safeguard animal health. Together, we're creating a sustainable future for pork production in the United States and taking steps to strengthen the business of U.S. pork producers everywhere