With: Randy Saner, Beef Systems Educator, Nebraska Extension; Matt Stockton, Agricultural Economist, Nebraska Extension
For the last several years, the University of Nebraska at Lincoln (UNL) Extension Beef team has created a short document that forecasts the expected value of replacement heifers. These forecasts are intended to be used as a guide in what cow replacement costs might be, given the current future expectations of costs and markets, and reflect what might happen over the life of purchased animals.
Forecasts such as this one intend to help individuals create a reference point for their individual situations and expectations of future events and to use their own ideas to arrive at what a reasonable value might be for a heifer/cow purchased or retained for replacement.
This webinar will cover price forecasts for 2023 and offer advice to producers on how to apply the information.