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ITS PVP and CPH-45 Feeder Calf Sales

ITS PVP and CPH-45 Feeder Calf Sales. ANR Update October 29, 2010. 2009-2010 CPH-45. 10 sale locations 35 sales 26,164 Head Marketed. # of Calves Sold 1996-2010. CPH-45 Sale Locations. Lexington 8 sales 8,106 head PVP. Owensboro 8 sales 6,153 head 6/8 PVP. Guthrie 4 sales

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ITS PVP and CPH-45 Feeder Calf Sales

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  1. ITS PVP and CPH-45 Feeder Calf Sales ANR Update October 29, 2010

  2. 2009-2010CPH-45 10 sale locations 35 sales 26,164 Head Marketed

  3. # of Calves Sold 1996-2010

  4. CPH-45 Sale Locations

  5. Lexington 8 sales 8,106 head PVP

  6. Owensboro 8 sales 6,153 head 6/8 PVP

  7. Guthrie 4 sales 3,129 head PVP

  8. Paris 3 sales 2,576 head Non-PVP

  9. Richmond 2 sales 1,412 head PVP

  10. Irvington 2 sales 1,247 head PVP

  11. Springfield 3 sales 1,141 head Non-PVP

  12. Maysville 3 sales 1,086 head Non-PVP

  13. Owenton 1 sale 782 head Non-PVP

  14. Stanford 1 sales 532 head Non-PVP

  15. Price Comparisons • 35 sales, 230 price comparisons • Only 11 comparisons were below state avg. • Average price advantage statewide • $6.39 for heifers • $6.46 for steers • $6.42/cwt overall • $0.49 more than last year

  16. Price Comparisons • Lighter cattle (4-5 wt) sold at a higher premium than heavier cattle ($8.09 vs $5.02) • This trend started last year • Western KY sales heavier cattle sold at a premium to light cattle ($3.15 vs $5.36)

  17. Does PVP Pay??? • 22 sales were PVP, 13 sales were Non-PVP • Average premiums PVP vs Non PVP • Steers – $6.97 vs $5.44 +$1.53/cwt • Heifers - $7.11 vs $5.15 +$1.96/cwt • Average size of PVP sales vs Non PVP • 831 head vs 606 head

  18. Recent History • Estimated net returns in the fall have averaged $48.04 per head since 1993. • Taken at one sale on one class of cattle • Positive net returns 15 out of the last 17 years. • Case study data has consistently been higher

  19. Summary • Numbers have dropped • Drought, market conditions, PVP??? • Some sites are struggling with small sales • Price advantages increased slightly • Some sites have potential for growth

  20. Challenges • Maintaining numbers • Making PVP easier • Producer apathy • South Central KY

  21. On a Positive Note • Profitability is returning to cow-calf producers • Calf prices are higher • Feed costs are relatively lower?

  22. ITS PVP • Certifies the source and age of feeder cattle thereby making them potentially eligible for the export market • Japan requires documented auditable records to ensure beef imported from the US came from cattle less than 21 months of age

  23. ITS PVP vs Aginfolink • ITS certifies cattle not the producer • ITS is a KY based company • ITS requires a phone audit for each group of cattle certified • ITS can issue EID/CPH-45 tags • New after October 1, 2010 - $25 fee per group certified

  24. Recent developments within ITS • Shortened and simplified the paperwork • Form is now offered as a pdf or a fillable Word document • Hired Cobi Rutherford who has been an excellent resource

  25. Recent developments within ITS • Shortened and simplified the paperwork • Form is now offered as a pdf or a fillable Word document • Hired Cobi Rutherford who has been an excellent resource

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