Beef Cow/Calf, Projected Budget for Calves Sold in 2015, South Missouri

Size: px

Start display at page:

Download "Beef Cow/Calf, Projected Budget for Calves Sold in 2015, South Missouri"

Regina Welch
6 years ago
Views:

1 Beef Cow/Calf, Projected Budget for Calves Sold in 2015, South Missouri Fall 14 Spring 15 Calving Calving Calf crop, % weaned 88% 85% Steer calf sales: 580 $250/cwt. x 85% x 1/2 -- $ $260/cwt. x 88% x 1/2 $ Heifer calf sales: 560 $235/cwt. x 85% x 1/ $245/cwt. x 88% x 1/ Cull cow sales: 1200 lbs. x $110/cwt. x 14% lbs. x $110/cwt. x 14% ESTIMATED TOTAL INCOME/COW $1, $1, Pasture (rental rate) $ $ Hay and forage Grain Protein and minerals Labor ($12/hr. x 5 hrs.) Veterinary, drugs, and supplies Marketing Utilities and all machinery costs Livestock facility repairs Cow replacement (15% of heifers) Bull cost or A.I. charge Interest on breeding stock Insurance on breeding stock Miscellaneous Operating interest (1/2 of selected operating costs x 6%) Total Operating Costs $1, $1, Depreciation on livestock facilities $ 8.48 $ 8.48 Interest on livestock facilities Insurance and taxes on capital items Total Ownership Costs $ $ ESTIMATED TOTAL COSTS/COW $1, $1, Income over Operating Costs/Cow $ $ Income over Total Costs/Cow $ $

2 Beef Cow/Calf, Projected Budget for Calves Sold in 2015, North Missouri Fall 14 Spring 15 Calving Calving Calf crop, % weaned 88% 84% Steer calf sales: 580 $250/cwt. x 84% x 1/2 -- $ $260/cwt. x 88% x 1/2 $ Heifer calf sales: 560 $235/cwt. x 84% x 1/ $245/cwt. x 88% x 1/ Cull cow sales: 1200 lbs. x $110/cwt. x 14% lbs. x $110/cwt. x 14% ESTIMATED TOTAL INCOME/COW $1, $1, Pasture (rental rate) $ $ Hay and forage Grain Protein and minerals Labor ($12/hr. x 5 hrs.) Veterinary, drugs, and supplies Marketing Utilities and all machinery costs Livestock facility repairs Cow replacement (15% of heifers) Bull cost or A.I. charge Interest on breeding stock Insurance on breeding stock Miscellaneous Operating interest (1/2 of selected operating costs x 6%) Total Operating Costs $1, $1, Depreciation on livestock facilities $ 8.48 $ 8.48 Interest on livestock facilities Insurance and taxes on capital items Total Ownership Costs $ $ ESTIMATED TOTAL COSTS/COW $1, $1, Income over Operating Costs/Cow $ $ Income over Total Costs/Cow $ $ Prepared by Joe Koenen and Gentrie Shafer, MU Regional Extension Specialists, and 68

3 Beef Steer Backgrounding, Projected Budget for Cattle Sold in 2015 Description of production: Winter backgrounding - steer purchased in fall, sold 4 months later, 235 lb. gain. Pasture backgrounding - steer purchased in spring, sold 4 months later, 195 lb. gain. Winter Backgrounding Pasture Backgrounding ESTIMATED INCOME/ STEER Market steer sales: 815 $220/cwt. $1, $225/cwt. -- $1, Less death loss, 1% ESTIMATED TOTAL INCOME/STEER $1, $1, ESTIMATED OPERATING COSTS/STEER Fall purchased steer: 580 $250/cwt. $1, Spring purchased steer: 580 $260/cwt. -- $1, Summer pasture (rental rate) Fescue hay Grain Soybean meal Salt, minerals, limestone Labor Veterinary, drugs, and supplies Marketing Utilities and all machinery costs Livestock facility repairs Miscellaneous Interest on feeder and 1/2 of operating costs x 6% Total Operating Costs $1, $1, ESTIMATED OWNERSHIP COSTS/STEER Depreciation on livestock facilities $ 3.87 $.62 Interest on livestock facilities Insurance and taxes on capital items Total Ownership Costs $ $ 1.57 ESTIMATED TOTAL COSTS/STEER $1, $1, Income over Operating Costs/Steer $37.74 $31.63 Income over Total Costs/Steer $17.48 $30.06 Cwt. of gain per steer purchased Feed cost per cwt. of gain $53.57 $33.58 Breakeven market steer price per cwt. $ $

4 Replacement Beef Heifers, Projected Budget for 2015 Description of Production: Buy 560 lb. heifer calves, sell bred heifers at 1,000 lbs. Pasture-based operation for growing a quality beef replacement cow. Your Estimate Heifer sales: Bred heifer, springer (0.875 head) $1, $ Cull heifer (0.05 head) Yearling heifer (0.075 head) Less death loss (1% of heifer sales) ESTIMATED TOTAL INCOME/COW $2, $ Purchased heifer calf (560 $245/cwt.) $1, Summer pasture (8.19 $12/AUM) Mixed hay (1,250 $80/T.) Corn (5.89 $4.00/bu.) Protein supplement (330 $150/T.) Minerals and salt (104 $800/T.) Labor (5 $12/hr.) Veterinary, drugs, and supplies Marketing Breeding cost Utilities and all machinery costs Livestock facility repairs 8.00 Professional fees (legal, accounting, etc.) 1.00 Miscellaneous 4.00 Interest on calf purchase and 1/2 of operating 6% Total Operating Costs $2, $ Depreciation on livestock facilities $ 8.45 $ Interest on livestock facilities 8.12 Insurance and taxes on capital items Total ownership costs $ $ ESTIMATED TOTAL COSTS/COW $2, $ Income over Operating Costs $ $ Income over Total Costs $ $ Total cost per head per day (excluding calf price) $1.80 $ Total cost per pound of gain* 1.66 $ Springer heifer breakeven price, $/head $2, $ *Represents cost per pound of springer heifer sold after adjusting for cull income and death loss. 70

5 Yearling Beef Steer Feeding, Projected Budget for Description of Production: Buy 750 lb. steers Nov and feed 5 months in lot, sell April lbs. gain per day, 151 days. Per Steer Your Estimate CATTLE SALES Gross receipts/head (1,300 $162/cwt.) $2,106 $ Less death loss, 2% 42 ESTIMATED TOTAL INCOME/STEER $2,064 $ ESTIMATED OPERATING COSTS/STEER Purchased steer calf (750 $230/cwt.) $1,725 $ Purchased feed: Corn (40 $3.10/bu.) $124 DDGS (1,500 $105/T.) 79 Soybean meal (100 $330/T.) 16 Salt and additives (30 $400/T.) 6 Grass hay (500 $80/T.) 20 Total feed costs $245 Machinery costs, feed preparation, etc. 8 Veterinarian and medicine: Production veterinary products 8 Disease treatment 3 Commissions, yardage, hauling 24 Utilities, insurance, repairs, misc. 5 Labor (2 $13.50/hour) 27 Operating interest (1/3 of operating costs x 6%) 41 Total Operating Costs $2,086 $ ESTIMATED OWNERSHIP (FIXED) COSTS/STEER Real estate interest, depreciation $ 15 $ Real estate and property taxes 4 Total Ownership Costs $ 19 $ ESTIMATED TOTAL COSTS/STEER $2,105 Income over Operating Costs/Steer - $22 $ Income over Total Costs/Steer - $41 $ Prepared by Ron Plain, Extension Economist. 10/20/14 71

Risk Management for Stocker Cattle. R. Curt Lacy, Ph.D. Extension Economist-Livestock University of Georgia

Risk Management for Stocker Cattle R. Curt Lacy, Ph.D. Extension Economist-Livestock University of Georgia Risk Management for Stocker Cattle It is NOT uncertainty! It is the negative outcome associated