Mastering Cattle Market Trends: Maximizing Profitability with Lee Schulz
Channel: Casual Cattle Conversations
Date: 2023-07-03

Want to beef up your bottom line? Delve into the fascinating world of cattle industry market cycles and unlock your path to unprecedented profitability.

In this episode, you will be able to:

Learn to navigate the cyclical market trends driving profitability in cattle farming.

Comprehend the role regional imbalances play in shaping the cattle industry.

Probe into the less-explored areas of profitability following prices in the cattle business.

Apply risk management tools to moderate the uncertainties encircling the cattle market.

Hone your decision-making skillset for expanding and investing wisely in the ever-evolving cattle industry.

My special guest is Lee Schulz

Here with us today is Lee Schulz, an agricultural marketing expert from Iowa State, who has the unique experience of teaching, researching and engaging with the community's pressing questions about the cattle market. With more than a decade in the field and having observed two distinctive cattle market cycles, Lee's understanding of the industry's ebb and flow sets him apart. His discussions often center around market resilience, the impact of external factors like COVID-19, and ways cattle producers can optimize profitability amidst these dynamics.

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, 



The resources mentioned in this episode are:

Email Shaye Koester at casualcattleconversations@gmail.com to book her for speaking gigs on topics such as podcasting, entrepreneurship, rural business, and advocacy.

Visit Iowa State University's website to learn more about Lee Schulz's role in teaching, research, and extension in the beef industry.

Consider the current trends in the cattle market and the cattle cycle when making decisions as a cattle producer.

Understand that no two cattle cycles are alike and that the current cycle is expected to run longer than usual.

Take into account regional impacts, such as drought, when evaluating the cattle market and making decisions.

Analyze the potential risks and rewards of investments in the cattle industry by running sensitivity analysis and considering best and worst-case scenarios.

Utilize price risk management tools, such as futures, options, and livestock insurance, to mitigate the risks associated with price fluctuations in the cattle market.

Consider partnering with Vytelle, a company that offers innovative, hormone-free IVF solutions for advancing beef herds. Visit their website to find a location near you and learn more about their services.

Connect with me here:

https://www.youtube.com/youtube.com/cattleconvos

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https://www.casualcattleconversations.com/

https://www.twitter.com/twitter.com/cattleconvos

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