Use A Sharper Pencil To Save Money On Feedstuffs

  Volatile prices for feed and cattle require constant budgeting and analysis.

Persistent problems from drought have made feedstuffs [3] more important and that volatility makes it doubly important to push the pencil.

Since there is no "one-size-fits-all" solution to identifying your best possible feed sources [4], you'll need to analyze all the options in your location. Because both the feed [5] and beef industry markets constantly change, reviewing those feed options several times a year can help you make the most of your resources.

Pricing protein by the pound helps identify [6] the economic details of a protein source, says Dan Childs, Samuel Roberts Noble Foundation agricultural economist.

"Since many natural source [7] proteins are equally usable by cows, price/lb. of protein is a good method to determine the best buy," Childs says. "Making that comparison requires two numbers – the percent of protein in the product and its price per ton."

To learn more about affordable protein supplements, click here. [8]

 

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