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Cattle Bidder (download from Google Play)
Cattle buyers can use this tool to determine the maximum bid when purchasing cattle by utilizing cost per pound gain, market price, market weight, desired margin and initial weight.
ISU Livestock Crush Margin App (Use this online in your browser)
The ISU livestock crush margin app is a web based app that can be accessed through the link above by phone, tablet or computer, or by saving the URL on your phone. Internet access is needed to use the app and access futures market prices used in the app. The app will help you with price risk management by calculating a margin that could be hedged for fed cattle or market hogs placed on feed at a future date. It uses basis adjusted futures prices from the previous trading day’s close to calculate a fed cattle finishing margin (Live Cattle – Feeder Cattle – Corn) or a market hog finishing margin (Lean Hogs – Weaned Pig – Corn – Soybean Meal).
To use, select either cattle or hogs and the date they will go on feed, and the app will use the futures price and Iowa historical basis to calculate the potential margin above the cost of the feeder and estimated partial feed cost. This app complements the ISU livestock crush margin that is calculated and posted every Wednesday. That app allows users to select placement day and adjust input prices or basis if they choose.
For additional information or questions contact Russ Euken ISU Extension Livestock Specialist email@example.com or 641-923-2856, or Lee Schulz ISU Extension Livestock Economist firstname.lastname@example.org or 515-294-3356.
Please check back later for more apps.