Use a Sharp Pencil for Protein and Profits

Last week, I attended the Gudmundsen Sandhills Laboratory 19th Annual Open House.  There, agricultural economist Jim Robb touched on the hardships of the drought and forage and pasture availability but drove home the importance of affordable protein supplementation.

Jim Robb showed that corn prices have remained steady and are projected to continue along that trend.  Dried distillers’ grains (DDG), which have become increasingly common as an on pasture protein supplementation, are projected to increase in price in the coming year.  The average protein content of DDGS is about 30% on a dry basis.  Robb, then went on to point out that the price of whole soybeans has decreased with the trade and tariff turmoil leaving soybean meal (SBM) overpriced. Robb suggested that this showed SBM will likely decrease in price making it a more affordable option for protein supplementation.  The average protein content of whole soybeans is 40% on a dry basis.  The protein content of SBM can range from 53-45% on a dry basis depending on processing technique.  In southern states such as Texas and Oklahoma where the cotton crop was large this year, producers have already began feeding whole cotton seeds and cotton seed meal as a cheaper available option for protein supplementation.  The crude protein content of whole cotton seeds and cotton seed meal is about 23% and  45% protein on a dry basis respectively. Robb expects these cotton sources will be shipped and available further north soon.

Jim Robb advised producers to put a sharp pencil to paper when determining their protein supplementation programs for the winter this year.  Not only does this include comparing the prices of each available feed, but the nutrients as well.  To determine the most profitable scheme, producers should test their forage sources.  Using the nutritional information from the forage report and the extimated dry matter intake for the class of animal to be fed, compare the amount available protein supplements needs as it will vary due to differences in protein content as well as the overall price to supplement. Choose the cheapest possible option and avoid over or under supplementation.  Ward Laboratories Inc. can assist with all your forage and supplemental feed testing needs and questions in the coming months.  Testing forages to determine supplementation strategies typical results in more profit.