Casual Cattle Conversations is the podcast for beef cattle producers and ranchers to explore new ideas and hear stories that will help them improve their current management practices. Shaye Koester - Wanner connects listeners to other cattle producers and beef industry experts to discover what management practices, industry trends, current events and inspiring stories are impacting today’s beef cattle industry.
Episodes
Monday Jul 03, 2023
Monday Jul 03, 2023
If you're feeling frustrated and overwhelmed by the fluctuations in the cattle market, despite your efforts to optimize profitability through traditional strategies like price hedging and cost-cutting, then you are not alone! Many cattle producers find themselves struggling to make informed decisions and achieve the desired profitability due to the unpredictable nature of market cycles. Despite your best intentions, you may be experiencing unexpected losses and missed opportunities, leaving you unsure of how to navigate the complex dynamics of the cattle industry.
In this episode, you will be able to:
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Learn to navigate the cyclical market trends driving profitability in cattle farming.
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Comprehend the role regional imbalances play in shaping the cattle industry.
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Probe into the less-explored areas of profitability following prices in the cattle business.
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Apply risk management tools to moderate the uncertainties encircling the cattle market.
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Hone your decision-making skillset for expanding and investing wisely in the ever-evolving cattle industry.
My special guest is Lee Schulz
We're excited to have Lee Schulz join us for this discussion. Lee has an impressively multi-faceted role at Iowa State, which includes research, teaching, and extension work within the agricultural marketing field. His expertise in cattle market trends and understanding of how to leverage them to increase profitability makes him an invaluable resource for cattle producers. With over a decade at Iowa State and having journeyed through multiple cattle market cycles, Lee's insights are guided by both his extensive experience and innovative approaches.
The key moments in this episode are:
00:00:02 - Introduction,
00:00:54 - About Lee Schulz,
00:03:49 - Understanding the Cattle Cycle,
00:05:26 - Current Cattle Inventory and Regional Impacts,
00:09:36 - Profits and Market Analysis,
00:16:03 - Risk Management Options Outside of LRP Insurance,
00:18:30 - Tailoring Risk Management Strategies,
00:20:13 - Timing the Market with Investment Strategies,
00:23:50 - Managing for Profitability,
00:25:55 - Setting Up for the Next Downturn,
Learn more about Vytelle. www.vytelle.com
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