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March Florida Cattle Market Report

Prevatt Chart 1 4-6-16
 
The August 2016 Feeder Cattle futures contract declined by $1.30 cwt. during March. Based on this futures price decrease, August Feeder Cattle revenues decreased by approximately $9.75/hd. ($1.30/cwt. * 7.5 cwt.) on a 750-pound feeder steer which amounts to $650.00 per truckload (50,000 lbs.). The August Feeder Cattle futures contract low, contract high, and price range since September 2015 are $147.20, $188.70, and $41.50/cwt., respectively. The price range of $41.50/cwt. on a 750-pound feeder steer totals $311.25/hd. and $20,750.00 per truckload.
 
Prevatt Chart 2 4-6-16
 
  1. The breakeven price was estimated to be $783.30/hd. or $142.42/cwt. ($783.30/hd. divided by 5.50 cwt.). The breakeven price includes production costs of $765/hd. and death loss of $18.30/hd.
  2. The price objective was estimated to be $933.30/hd. or $169.69/cwt. ($933.30/hd. divided by 5.50 cwt.). The price objective includes production costs of $765/hd., death loss ($18.30/hd.), family living withdrawal ($100/hd.), and growth capital/retirement ($50/hd.).
  3. The expected cash price is equal to the daily August 2016 Feeder Cattle futures settlement price plus the expected August 2016 South Florida 550 lb. Feeder Calf Basis of $8/cwt.
 

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Time To Build An Ark: Sheltering Our Flock From Adverse Weather Conditions!

Video: Time To Build An Ark: Sheltering Our Flock From Adverse Weather Conditions!

Relentless spring rains are drenching our sheep farm! Despite the downpour, our sheep are fortunate to have a cozy and dry shelter in our barns. Our barns are equipped with curtains on all sides, allowing us to adjust the amount of natural light and fresh air that enters. Whether it's opening them wide to create an outdoor-like environment or shutting them tight to keep the sheep snug and content, our barns provide the perfect refuge from the harsh weather conditions outside.

While we appreciate the nourishing rain that will eventually result in lush pastures and abundant hay during the summer, we are grateful that our sheep are not exposed to the elements and remain healthy. Join us as we lay fresh bedding in every barn, ensuring our sheep's comfort and well-being. Witness the joy of our lambs frolicking in the straw, a true testament to their happiness.

Despite our usual practice of avoiding shipping sheep during adverse weather, today we had to transport a few breeding ewes and a ram to a customer with an inflexible schedule. Discover the breeding stock chosen by the customer and witness how we carefully load them for transport.

Rain or shine, the work on a sheep farm never stops. However, having a sheltered space makes these challenging days a little more bearable. Join us on our vlog as we navigate through the rainy season, providing the best care for our flock. Welcome to Ewetopia Farms, where we document our daily sheep farming activities on our vlog. Subscribe now to stay updated on our sheep farming journey!