$Profit: A Game Changer in the Seedstock Industry
In today's cattle business, it's easy for producers to get overwhelmed with a large volume of data, some of it meaninglessly created under artificial seedstock conditions.
Lee Leachman had a mission to change that....to simplify the selection process, and create a set of indexes that take into consideration the factors that make an impact on the rancher's bottom dollar, economic factors, and now even genomic predictions.
We feel our customers deserve to make better decisions and buy better bulls. And here's how $Profit can work for you!
How LCoC $Profit® works
$Profit® assumes that the average commercial bull will have 100 progeny over its lifetime. The model assumes that you keep 30% of your heifers as replacements and that you retain ownership on the remainder of the calves through finishing and sell on a grid. We realize that many don't retain ownership, but doesn't it make the most sense to select from birth all the way to slaughter?
Feedlots have already proven their willingness to pay premiums for superior Leachman sired calves. Our simulation model then factors in all of the effects on both income and expense to come up with a net profit figure for each bull.
$Profit® allows you to compare any two bulls and calculate the difference in profit that they are expected to generate in your herd.
Let's compare a $10,000 $Profit® bull to $6,000 $Profit® bull (the average 2008 born Angus bull).
The predicted difference between the bulls is $4,000 or about $40 per calf. $Profit® works for us and it will work for you too
What traits are included in $Profit®:
$Profit includes nearly every trait that impacts profitability. The effect of most traits on profit is fairly simple to understand.
Here is the list of what is included and its effect:
• Calving ease = more calves
• Weaning and yearling EPD = more weight
• Fertility (days to conception) = more weight and more calves
• Carcass weight = worth more up to 1050 lbs.
• Marbling = valued based on grid premiums
• Ribeye area = value as impacts yield grade
• % Retail Product = more yield is more meat
• Cow mature size = in general bigger eats more
• Cow intake = more intake costs more
• Feedlot feed efficiency = cost of gain