Winter Pasture
Backgrounding Backgrounding
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ESTIMATED INCOME/STEER
Market steer sales: 815 lbs. @ $100/cwt. $815.00 --
775 lbs. @ $110/cwt. -- $852.50
Less cost of:
Fall purchased steer: 580 lbs. @ $110/cwt. 638.00 --
Spring purchased steer: 580 lbs. @ $120/cwt. -- 696.00
Less death loss, 1% 8.15 8.53
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ESTIMATED TOTAL INCOME/STEER $168.85 $147.97
ESTIMATED OPERATING COSTS/STEER
Summer Pasture (rental rate) -- $ 22.53
Fescue hay 46.13 --
Grain 63.28 26.44
Soybean meal 10.70 --
Salt, minerals, limestone 4.73 4.73
Labor 27.50 16.50
Veterinary, drugs, and supplies 18.00 15.00
Marketing 29.22 31.14
Utilities and all machinery costs 66.33 32.28
Livestock facility repairs 3.75 .75
Professional fees (legal, accounting, etc.) 1.00 1.00
Miscellaneous 3.50 3.50
Interest on feeder and 1/2 of operating
costs x 8.5%) 18.67 18.52
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Total Operating Costs $292.81 $172.39
ESTIMATED OWNERSHIP COSTS/STEER
Depreciation on livestock facilities $ 3.87 $ .62
Interest on livestock facilities 5.06 1.09
Insurance and taxes on capital items 6.39 .18
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Total ownership costs $ 15.32 $ 1.89
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ESTIMATED TOTAL COSTS/STEER $308.13 $174.28
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Income over Operating Costs/Steer -$123.96 -$ 24.41
Income over Total Costs/Steer -$139.28 -$ 26.30
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Cwt. of gain per steer purchased 2.27 1.87
Feed cost per cwt. of gain $ 55.03 $ 28.68
Breakeven market steer price per cwt. $117.26 $113.43
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Prepared by Joe Horner, Ag. Economist, Dairy and Beef, and Melvin Brees,
Ag. Economist, FAPRI.
Prepared 10/30/08
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