Regional Feed Barometer

Click Here for an Explanation of the Methodology Behind Our Feed Barometer

A critical component in maximizing the profitability of beef feeding programs is being able to identify feeds that provide the required nutrients at a good price. These reports are a good tool for that. They provide estimates of feed values based on the feeds’ nutrient content and current market prices, and independent of any reference feeds such as corn or soybean meal.

Feed Market Synopsis

Perspective on Beef Feed Markets & Nutrient Costs
November 2016

Generally, prices stayed about the same or decreased compared to the previous month. The largest decrease was seen in the Southern Plains region where the average price of feed decreased $8.94/ton, followed by the Southwest and North Central regions where prices decreased $7.10/ton and $2.34/ton, respectively. The cost per mcal NEg stayed about the same in all regions. Price per pound CP also decreased in all regions except for those in the North Central and Northwest. Price of effective fiber has stayed about the same in all regions (Table 1). Hay movement is moderate to steady in all regions. In most cases, fair to good quality hays are a really good buy in all regions, an improvement over the previous month. Unsurprisingly, corn continues to be overpriced in all regions. Meanwhile, all of the corn byproducts (DDGS, corn gluten feed, hominy), continue to still be extremely good buys in all regions. Similarly, wheat midds are still a good buy in all regions; while high protein soybean meal shows to be a good buy in all regions but the Northwest. Cottonseed meal is only a good buy in the Southeast and Southwest regions.

Table 1. November predicted nutrient costs and average price of feeds for beef cattle.

North Central

Northwest

Southeast

Southern Plains

Southwest

NEg $/Mcal

0.049

0.100

0.085

 0.072  0.100
CP $/lb

0.554

0.439

0.477

 0.478 0.409
e-NDF $/lb

0.000

0.000

0.117

0.021 0.005
Average price of Calibration Feeds $/T

$157.29

$177.11

$199.57

$169.44 $172.58

Keep in mind that you cannot formulate a balanced diet using these reports alone. The “bargain” feeds represent savings opportunities and can be utilized in rations to reduce feed costs within the limitations of providing a balanced nutrient supply to the beef animal, while the use of “over-priced” feeds should be minimized. Prices represent wholesale commodity prices, and generally do not include freight or added value from a feed manufacturer.

Select a Region to View Specific Reports

 

north-centralOH, MI, IN, IL, WI, MN, ND, SD, NE, IA
Click Here to View the North Central Region
south-eastLA, MS, AL, VA, KY, GA
Click Here to View the Southeast Region
south-plainsTX, AR, OK, MO, KS, CO, East NM
Click Here to View the Southern Plains Region
northwestWA, OR, ID, MT, WY
Click Here to View the Northwest Region
southwestCA, NV, AZ, Western NM
Click Here to View the Southwest Region
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