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 lbs. @ $250/cwt. x 85% x 1/2 -- $ 616.25 580 lbs. @ $260/cwt. x 88% x 1/2 $ 663.52 Heifer calf sales: 560 lbs. @ $235/cwt. x 85% x 1/2 -- 559.30 560 lbs. @ $245/cwt. x 88% x 1/2 603.68 -- Cull cow sales: 1200 lbs. x $110/cwt. x 14% -- 184.80 1200 lbs. x $110/cwt. x 14% 184.80 -- ESTIMATED TOTAL INCOME/COW $1,452.00 $1,360.35 Pasture (rental rate) $110.64 $110.64 Hay and forage 149.98 136.59 Grain -- -- Protein and minerals 50.54 43.52 Labor ($12/hr. x 5 hrs.) 60.00 60.00 Veterinary, drugs, and supplies 30.00 30.00 Marketing 36.30 34.01 Utilities and all machinery costs 106.52 100.46 Livestock facility repairs 8.00 8.00 Cow replacement (15% of heifers) 327.68 327.68 Bull cost or A.I. charge 14.50 14.50 Interest on breeding stock 116.86 116.86 Insurance on breeding stock 19.48 19.48 Miscellaneous 6.00 6.00 Operating interest (1/2 of selected operating costs x 6%) 17.25 16.45 Total Operating Costs $1,054.75 $1,025.19 Depreciation on livestock facilities $ 8.48 $ 8.48 Interest on livestock facilities 7.83 7.83 Insurance and taxes on capital items 18.25 18.25 Total Ownership Costs $ 34.56 $ 34.56 ESTIMATED TOTAL COSTS/COW $1,089.31 $1,059.74 Income over Operating Costs/Cow $397.25 $335.16 Income over Total Costs/Cow $362.69 $300.61 67
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 lbs. @ $250/cwt. x 84% x 1/2 -- $ 609.00 580 lbs. @ $260/cwt. x 88% x 1/2 $ 663.52 Heifer calf sales: 560 lbs. @ $235/cwt. x 84% x 1/2 -- 552.72 560 lbs. @ $245/cwt. x 88% x 1/2 603.68 -- Cull cow sales: 1200 lbs. x $110/cwt. x 14% -- 184.80 1200 lbs. x $110/cwt. x 14% 184.80 -- ESTIMATED TOTAL INCOME/COW $1,452.00 $1,346.52 Pasture (rental rate) $ 121.00 $ 129.80 Hay and forage 165.90 142.86 Grain 9.06 10.01 Protein and minerals 8.24 38.78 Labor ($12/hr. x 5 hrs.) 60.00 60.00 Veterinary, drugs, and supplies 35.50 35.50 Marketing 36.30 33.66 Utilities and all machinery costs 104.62 104.62 Livestock facility repairs 8.00 8.00 Cow replacement (15% of heifers) 327.68 327.68 Bull cost or A.I. charge 14.50 14.50 Interest on breeding stock 116.86 116.86 Insurance on breeding stock 19.48 19.48 Miscellaneous 6.00 6.00 Operating interest (1/2 of selected operating costs x 6%) 17.15 17.66 Total Operating Costs $1,051.29 $1,066.41 Depreciation on livestock facilities $ 8.48 $ 8.48 Interest on livestock facilities 7.83 7.83 Insurance and taxes on capital items 18.25 18.25 Total Ownership Costs $ 34.56 $ 34.57 ESTIMATED TOTAL COSTS/COW $1,085.85 $1,100.97 Income over Operating Costs/Cow $400.71 $280.11 Income over Total Costs/Cow $366.15 $245.55 Prepared by Joe Koenen and Gentrie Shafer, MU Regional Extension Specialists, and 68
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 lbs. @ $220/cwt. $1,793.00 -- 775 lbs. @ $225/cwt. -- $1,743.75 Less death loss, 1% 17.93 17.44 ESTIMATED TOTAL INCOME/STEER $1,775.07 $1,726.31 ESTIMATED OPERATING COSTS/STEER Fall purchased steer: 580 lbs. @ $250/cwt. $1,450.00 -- Spring purchased steer: 580 lbs. @ $260/cwt. -- $1,508.00 Summer pasture (rental rate) -- 28.46 Fescue hay 48.84 -- Grain 53.86 -- Soybean meal 8.03 23.63 Salt, minerals, limestone 10.80 10.80 Labor 30.00 18.00 Veterinary, drugs, and supplies 18.00 15.00 Marketing 35.86 34.88 Utilities and all machinery costs 46.62 23.57 Livestock facility repairs 3.75.75 Miscellaneous 3.50 3.50 Interest on feeder and 1/2 of operating costs x 6% 27.07 27.11 Total Operating Costs $1,737.33 $1,694.68 ESTIMATED OWNERSHIP COSTS/STEER Depreciation on livestock facilities $ 3.87 $.62 Interest on livestock facilities 3.57.77 Insurance and taxes on capital items 12.83.18 Total Ownership Costs $ 20.27 $ 1.57 ESTIMATED TOTAL COSTS/STEER $1,757.59 $1,696.25 Income over Operating Costs/Steer $37.74 $31.63 Income over Total Costs/Steer $17.48 $30.06 Cwt. of gain per steer purchased 2.27 1.87 Feed cost per cwt. of gain $53.57 $33.58 Breakeven market steer price per cwt. $217.83 $221.08 69
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) $1,968.75 $ Cull heifer (0.05 head) 100.00 Yearling heifer (0.075 head) 112.50 Less death loss (1% of heifer sales) 21.81 ESTIMATED TOTAL INCOME/COW $2,159.44 $ Purchased heifer calf (560 lbs. @ $245/cwt.) $1,372.00 Summer pasture (8.19 AUMs @ $12/AUM) 98.24 Mixed hay (1,250 lbs. @ $80/T.) 50.00 Corn (5.89 bu. @ $4.00/bu.) 23.57 Protein supplement (330 lbs. @ $150/T.) 24.75 Minerals and salt (104 lbs. @ $800/T.) 41.60 Labor (5 hrs. @ $12/hr.) 60.00 Veterinary, drugs, and supplies 30.00 Marketing 65.44 Breeding cost 37.50 Utilities and all machinery costs 100.10 Livestock facility repairs 8.00 Professional fees (legal, accounting, etc.) 1.00 Miscellaneous 4.00 Interest on calf purchase and 1/2 of operating costs @ 6% 101.28 Total Operating Costs $2,017.48 $ Depreciation on livestock facilities $ 8.45 $ Interest on livestock facilities 8.12 Insurance and taxes on capital items 20.09 Total ownership costs $ 36.66 $ ESTIMATED TOTAL COSTS/COW $2,054.14 $ Income over Operating Costs $141.96 $ Income over Total Costs $105.30 $ Total cost per head per day (excluding calf price) $1.80 $ Total cost per pound of gain* 1.66 $ Springer heifer breakeven price, $/head $2,129.07 $ *Represents cost per pound of springer heifer sold after adjusting for cull income and death loss. 70
Yearling Beef Steer Feeding, Projected Budget for 2014-15 Description of Production: Buy 750 lb. steers Nov. 2014 and feed 5 months in lot, sell April 2015 3.65 lbs. gain per day, 151 days. Per Steer Your Estimate CATTLE SALES Gross receipts/head (1,300 lbs. @ $162/cwt.) $2,106 $ Less death loss, 2% 42 ESTIMATED TOTAL INCOME/STEER $2,064 $ ESTIMATED OPERATING COSTS/STEER Purchased steer calf (750 lbs. @ $230/cwt.) $1,725 $ Purchased feed: Corn (40 bu. @ $3.10/bu.) $124 DDGS (1,500 lbs. @ $105/T.) 79 Soybean meal (100 lbs. @ $330/T.) 16 Salt and additives (30 lbs. @ $400/T.) 6 Grass hay (500 lbs. @ $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 hrs. @ $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