02-Lincaster Fuming, Saturday, November 12,1988 By Glenn A. Shirk Extension Agent - Dairy A Fairly Good Year As we started in the hot dry summer this year, who would have thought we’d have as good a harvest as we’ve been having this year? We have a lot to be thankful for. Hay yields were quite good, and there is a lot of excellent quality hay and haylage in storage. Com grain yields were also quite good, but silage yields were off. Thus, more acres had to be ensiled and less were available for harvesting as grain. Consequently, high moisture com silos and com cribs are more empty than usual. How ever, this year’s com silage is run ning higher in energy and lower in fiber due to a higher ratio of ears to stalk. As a result of this year’s grow ing season, our feeds are of diffe rent quality. That means feeds should be analyzed, and rations should be adjusted accordingly. Since com grain (energy) will be short on many farms, it would be wise to make the best use of the added energy in your forages, while also making sure you do not shortchange the cows on fiber. This could be the year to feed more forages, especially if they are abundant, and the price is right. 'redient Feed or Ini Barley* Com - Ear * - Whole Shelled* Oats or Spelts: under 25% of mix * over 25% of mix* Rye* Soybeans - unheated* Wheat* Brewers Grains - dry 93 24 67 0.455 0.393 2.91 + 5.18 = - wet 25 6 16 0.121 0.082 0.78 + 1.08 = 30 3 21 0.232 -0.002 1.49 - -0.03 = Com Silage Hay - Grass - Mostly Grass - Mostly Legume - Legume Alfalfa Meal, 20% Beet Pulp Citrus Pulp Com Gluten Feed Com Gluten Meal, 42% Cottonseed Meal, 41% Cottonseed - whole 92 17 77 0.656 0.303 4.20 + 3.99 = Distillers Com Grains 93 24 83 0.737 0.306 4.72 + 4.03 = Linseed Oil Meal. solv. 91 36 70 0.212 0.698 1.36 + 9.20 = Canola Meal (estimate) 91 36 70 0.212 0.698 1.36 + 9.20 = . Molasses (<lO% of mix) 73 3 71 1.069 -0.171 6.85 - -2.25 = Soybean Oil Meal - 44% 92 45 78 0.000 1.000 0.00 + 13.18 = - 48% 92 50 79 -0.125 1.144 -0.80 + 15.08 = Wheat Bran Wheat Mids - standard "These feeds should be ground; use whole shelled com prices (step 2) for their calculations * f* If you arc short on grain, you will need to think about buying additional energy. However, don’t feel compelled to pay high prices for com just to fill the silo. There may be other cheaper alternatives. This may be the year to rely mbre heavily on dry com, short feeds, by-products and other alternative feeds, depending on the market, and that will probably vary from month to month. Nationwide, grain yields appear to be considerably better than anti cipated, and we had a considerable carryover of grain from last year. The Soviets may be in the market for more grain and the Brazilians expect a good bean harvest So, watch the market closely; prices of some grains may soften as more harvest and export information becomes available, and as we move away from periods of panic buying; other prices may remain strong. Computing The Value Of Feeds The table below compares the value of a variety of feedstuffs. These values will change depend ing upon the cost of protein and energy, which is determined by the price of soybean oil meal and shelled com. Let’s assume that 48% soybean meal is $290 per ton, com is $3.35 a bushel and grinding charges are $7.50 per Computing The Value Of Feeds Fed To Dairy Cattle , Shelled Soybean Energy Protein Feeding DM CP TDN Com Oil Meal Value Value Value (%) (%) (%) Factor Factor per cwt per cwt per cwt (2) (3) (4) 89 12 76 0.938 0.073 $5.66 + $0.96 = 85 7 72 0.914 -0.015 5.51 - -0.20 = 85 9 80 1.000 0.000 6.03 + 0.00 = 90 12 76 0.933 0.079 5.63 + 1.04 = 90 12 70 0.813 0.098 4.90 + 1.29 = 89 12 77 0.786 0.104 4.74 + 1.37 = 90 36 88 0.399 0.711 2.41 + 9.37 = 89 10 80 0.954 0.056 5.75 + 0.74 = 89 9 52 0.471 0.045 3.02 + 0.59 = 89 11 51 0.411 0.100 2.63 + 1.32 = 88 13 52 0.369 0.152 2.36 + 2.00 = 88 15 50 0.278 0.223 1.78 + 2.94 = 93 17 54 0.286 0.310 1.83 + 4.09 = 91 9 73 * 1.021 -0.062 6.54 - -0.82 = 90 6 75 1.048 -0.102 6.71 - -1.34 = 90 24 73 0.526 0.374 3.37 + 4.93 = 92 42 79 0.182 0.836 1.17 + 11.02 = 91 41 63 0.029 0.776 0.19 + 10.23 = 90 15 67 0.655 0.191 4.20 + 2.52 = 90 16 77 0.777 0.198 4.98 + 2.61 = Daily Pipeline By Glenn A. Shirk Extension Dairy Agent ton. To calculate the value of feed stuffs, follow these six simple steps: 1. Calculate the price of 44% soybean oil meal per 100 lbs. $13.18. (Do this by dividing the price of 1 ton of 48% meal by 22.) 2. Calculate the price of whole shelled com per 100 lbs. $6.03 (Do this by multiplying the bu. pice by 1.8.) 3. Calculate the price of ground shelled com per 100 lbs. $6.41. (Do this by adding the grinding cost per 100 lbs. to the answer in step 2.) 4. Calculate the energy value of feeds in column 7 of the table by multiplying the price of ground shelled com in step 3 by the shelled com factor in column 5. For feeds that have to, be ground, use the cheaper whole shelled com price in step 2 rather than the ground shelled com price. 5. Calculate the protein value of feeds in column 8 of the table by multiplying the soybean oil meal price in step 1 by the soybean oil meal factor in column 6. 6. To arrive at the value of a feedstuff in column 9, simply add the values in columns 7 and 8. The feed values in column 9 of the table represent the approxi mate maximum amount you can afford to pay for a feedstuff. These values should be adjusted to reflect differences in moisture, quality, convenience, etc. If the market price is less than those computed feed values, the feed could possibly be a good buy. If you substitute one feedstuff for another, make changes gradu ally. Be sure to balance the ration property and know the effect of the feedstuff on cattle. Pay atten tion to soluble protein, by-pass protein, starch loads, neutral detergent fiber, etc. You want to meet the cows’ nutrient needs while also being sure to maintain good rumen function and dry mat ter intakes. Unless you know what dry matter of feed to be purchased „„ . 70 „ Clon too dry matter of the feed priced x P nce = 84.5 x $l2O =s " There has been a lot of publicity about aflatoxins in feeds. In many areas, the problem is not as severe as the publicity may lead you to think, but for farmers who experi ence the problem, it can be severe. You may want to be aim for this problem when buying feeds. Most feed companies are already on guard. Feeds can be screened for aflatoxins with a black light. There is an additive that can be added to feeds to “tie up” aflato xins and prevent their absorption by animals. Or, suspect feeds can be diluted with good feeds to reduce the problem. . Pennsylvania, New York FREDERICK. MD. Rural businesses and their customers in Pennsylvania and New York now have a new credit service avail able through Farm Plan. Currently available in 48 states. Farm Plan Corporation provides a revolving credit service to the rur al marketplace. With the Farm Plan credit ser vice, customers can purchase sup plies, parts and services on credit from local merchants. Purchases are compiled on a monthly state ment, and payments can be extended for several months at the customer’s discretion. In some ways. Farm Plan operates like consumer credit cards. (9) $6.62 5.71 6.03 6.67 6.19 However, Farm Plan differs from the more common consumer credit cards in that it is a “station ary” card system. Upon approval of application, each patron of a Farm Plan merchant is issued a Farm Plan card at each participat ing business patronized. Because the card is “station ary”, this system allows for fast, convenient service at local partici pating merchants for the customer as well as approved family mem bers and employees. Payment for purchases is sim plified with Farm Plan. All charges for the month ~ whether at one merchant or several are combined into a single statement issued by Farm Plan. One check can pay for all the customer’s charges. Customers have the option of paying their new balance in full each month, interest free, or they may extend payment over several months according to a pre arranged schedule. Also, this combined statement simplifies record-keeping for tax purposes since all purchases are documented together. 6.11 11.78 6.49 8.09 1.86 1.51 3.61 3.95 4.37 4.72 5.92 7.36 8.06 8.30 12.19 10.41 8.20 8.75 10.56 10.56 9.10 13.18 14.28 6.71 7.59 Farm Plan Expands Credit Service To you are doing, it is advisable to work closely with your feed consultant. When buying and selling feeds, adjust prices for variations in moisture content. For example, if dry shelled com is selling for $3.35 per bushel, how much is one ton of 30% high moisture shelled com worth? First, convert the bushels prices to a ton price by multiplying the $3.35 bu. price by 35.7 bu. per ton (2000 lbs. per ton + 56 lbs. per bu. = 35.7 bu. per ton). The answer is $l2O. But, this is for shelled com containing 15.5% moisture (84.5% dry mat ter). The high moisture com con tains only 70% dry matter and is worth proportionately less only $99. To adjust the price, use this formula: Profits this year could hinge greatly on making the best use of the feeds you have, using alterna tive feeds to supplement your supply, avoiding unnecessary and expensive frills, watching the feed market closely, managing your feed supplies in a manner that will enable you to take advantage of good feed buys, working closely with your feeding consultant and paying attention to details. Don’t miss the opportunities. The Penn State Cooperative Extension is an affirmative action, equal opportunity educational institution. Farm Plan also offers signifi cant advantages to merchants. Through Farm Plan, merchants enjoy reduced credit risk and bill ing expense. Farm Plan manages the billing process to reduce bookkeeping time merchants spend on invoicing. Most impor tant, Farm Plan improves cash flow and eases the credit load by assuming the merchant’s accounts receivable which often reach sig nificant levels. Ron Came, president of Farm Plan Corporation says this is a ser ious problem. “With as much as seven percent of total assets tied up in accounts receivable, a mer chant’s cash flow is reduced dras tically limiting purchase of new inventory or causing a mer chant to borrow money to replen ish inventory.” “Farm Plan bridges the accounts receivable gap so cus tomers can continue buying items at local merchants on credit while merchants are relieved of heavy credit burdens,” Came said. Farm Plan began in 1974 as a way to help Wisconsin implement dealers ease a large customer cre dit burden. It has since expanded to serve more than one-half mil lion customers and 1,900 agribu sinesses in the contiguous 48 states. The most common types of agribusinesses that offer Farm Plan credit to customers include: building material, bulk fuel, co operative, feed mill, implement and veterinary. In 1984, Farm Han, controlled by Association Credit Plans, Inc., the Wisconsin Farm Equipment Association and United Bank of Madison, Wisconsin, was acquired by Deere & Company to form Farm Plan Corporation, an independent financial subsidiary.
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