PRICES in 2010 have shown a slight increase on the previous years.
The live trade in weanlings for export has risen over the past few years. The Irish factories will need to be competitive with prices for producers to compete with this.
The profit margins on weanling sales can be widened by boosting the value of your weanlings at the mart and by reducing the production costs on the farm.
Weanling value will be increased when the breeding cows and terminal sires are of high quality. HerdPlus and other ICBF programmes will help increase the value of your weanlings by allowing you to make a more informed decision at breeding time.
Production costs are an important factor in keeping your overall profit margins high. Costs for production should be kept as low as possible by planning ahead for your year so that there are no surprises in your end of year budget. Maximising grass is a way of keeping your costs low.
Turn cows out as early as possible in February and March and house them in November to extend the grazing season. Where there is bad weather this will have to be curtailed but grass supplies can be maximised by careful grass budgeting and reseeding worn pastures.
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