Abstract
Abstract The objective was to determine relative value of Holstein feeder steer lots compared to steer lots of other breed descriptions sold through video auctions while adjusting for all other factors that significantly influenced sale price. Data were analyzed from 14,075 lots of feeder steers sold through 211 livestock video auctions from 2010 through 2018. All lot characteristics that could be accurately quantified or categorized were used to develop a multiple regression model that evaluated effects of independent factors on sale price using a backwards selection procedure. A value of P < 0.05 was used to maintain a factor in the final model. A lot was categorized into one of four breed descriptions: 1) English, English crossed, 2) English-Continental crossed, 3) Brahman influenced, 4) Holstein. Average weight and number of steers in lots analyzed was 363.2 ± 50.6 kg BW and 121.1 ± 110.3 head, respectively. English, English crossed lots sold for the greatest (P < 0.05) sale price ($152.39/45.36 kg). English-Continental crossed lots sold for the second greatest (P < 0.05) sale price ($150.61/45.36 kg). Brahman influenced sold for the third greatest (P < 0.05) sale price ($148.75/45.36 kg). Holstein lots sold for the lowest (P < 0.05) sale price ($110.56/45.36 kg). To determine potential change in relative value of Holstein feeder steers from 2010 to 2018, data were analyzed in three-year increments. In all three-year increments, Holstein feeder lots sold for the lowest (P < 0.05) sale price compared to the other breed descriptions of beef steer lots. The average discount of Holstein feeder lots relative to other breed descriptions was $33.19/45.36 kg BW in 2010–2012, $42.96/45.36 kg BW in 2013–2015, and was the greatest in 2016–2018 at an average discount of $46.24/45.36 kg BW, likely indicating lessening interest in the feedlot sector to feed Holstein steers to harvest.
Highlights
Dairy-type animals have a significant role in United States beef production
The objective of this study was to determine the relative value of Holstein feeder steer lots compared to steer lots of other breed descriptions sold through video auctions while adjusting for all other factors that significantly influenced sale price
Holstein lots sold for the lowest (P < 0.05) sale price ($110.56/cwt)
Summary
Dairy-type animals have a significant role in United States beef production. In 2018, fed dairy steers contributed 12.6% or 3.37 billion pounds to beef production (Boetel, Kansas State University Agricultural Experiment Station and Cooperative Extension Service2019). Sale Price of Holstein Feeder Steer Lots Relative to Other Breed Descriptions Sold Through Superior Livestock Video Sales from 2010 Through 2018
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