Review of 2016 Closeout information from Feedlot Vision Performance and losses in 2016 Feedlot Seminar Tuesday, March 7 th Cedar Rapid, IA Wednesday, March 8 th West Point, NE Thursday, March 9 th Sioux Falls, SD
Sponsored by: Purina Animal Nutrition Elanco Animal Health Diamond V Zinpro Corporation
Performance & Losses in 2016 2016 Feedlot Closeout Analysis from Feedlot Vision John Magnuson, Purina Animal Nutrition *2016 Information *Bottom line is that most of the cattle lost money. *830 Lots of cattle submitted this year *136,215 head *This broke down into 101,746 steers, 18,319 heifers, 10,693 Fed Holsteins, 3,749 head in mixed sex pens and 1,708 head of backgrounded cattle *2016 vs. 2015 Highlights <700 lbs. steers *$38.21/cwt decrease in purchase price in 2016 vs. 2015 *$209.46/hd less in total purchased price vs. 2015 *18 lbs. heavier end weight and 12.64 lbs. heavier purchased weight *Very similar feed cost in 2016 vs. 2015 *-$183.14/hd. change in profitability (+$3.44/hd. in 15 vs. -$179.70/hd in 16) *2016 vs. 2015 Highlights 700-800 lbs. steers *$50.97/cwt decrease in purchase price in 2016 vs. 2015 *$397.34/hd decrease in total purchase price vs. 2015 *Only 7 lbs. heavier sale weight *Only -$2.02/cwt drop in feed cost in 2016 vs. 2015 *-$53.52/hd. change in losses (-$58.05/hd. in 15 vs. -$111.57/hd in 16) *2016 vs. 2015 Highlights 800+ lbs. steers *$40.73/cwt decrease in purchase price 2016 vs. 2015 *$361.82/hd decrease in total purchase price vs. 2015 *-8.4 lbs. in finished weight vs. 2015 *Only a -$1.32/cwt drop in feed cost in 2016 vs. 2015 *-$9.70/hd. change in losses (-$100.70/hd. in 15 vs. -$110.40/hd in 16) *2016 vs. 2015 Highlights <650 lbs. heifers *$37.52/cwt decrease in purchase price 2016 vs. 2015 *$204.94/hd. decrease in total purchase price vs. 2015 *47 lbs. increase in end weight vs. 15
*$0.26/cwt increase in feed cost in 2016 vs. 2015 *-$108.85/hd. change in losses (-$33.08/hd. in 15 vs. -$141.93/hd in 16) *2016 vs. 2015 Highlights >650 lbs. heifers *$45.36/cwt decrease in purchase price 2016 vs. 2015 *$375.92/hd decrease in total purchase price vs. 2015 *-18.8 lbs./hd. drop in start weight and -6 lbs. in finished weight 16 vs. 15 *-$0.98/cwt drop in feed cost in 2016 vs. 2015 *-$4.88/hd. change in losses (-$121.56/hd. in 15 vs. -$126.44/hd in 16) *2016 Holstein steers *All Holsteins were grouped together this year vs. splitting them out in <600 lbs. start weight and >600 lbs. start weight.
Year 2012 2013 2014 2015 2016 Steers <700 lbs. # of pens 225 232 115 137 124 # of cattle 39,098 42,699 23,911 22,948 20,397 Purchase price/cwt $148.83 $153.17 $178.71 $254.15 $215.94 Pay weight in 596 569 616 616 628.64 Sale pay weight 1381 1368 1370 1417 1435 Average daily gain 3.22 3.05 3.14 3.14 3.218 Days on feed 248 267 239 255 249.66 Dry matter Feed:Gain 6.72 7.21 7.01 6.98 7.026 Feed cost/cwt of gain $79.12 $92.45 $65.56 $52.44 $51.81 Vet & Medical cost/cwt of gain $2.78 $2.92 $3.37 $3.13 $2.51 Yardage cost/cwt of gain $9.36 $9.96 $9.70 $9.60 $9.29 Interest cost/cwt of gain $1.72 $2.18 $5.33 $6.71 $6.22 Non Feed Cost/cwt of gain $13.16 $14.14 $14.62 $13.45 $12.42 Total cost/cwt of gain $92.22 $106.47 $80.18 $65.90 $64.23 Breakeven $/cwt $119.45 $127.24 $128.15 $153.20 $133.90 Death loss 1.64% 1.97% 2.01% 2.13% 1.59% Net sale price/cwt $121.76 $123.84 $150.20 $153.38 $121.65 Profit/loss per animal $31.11 ($52.94) $309.37 $3.44 ($179.70)
Year 2012 2013 2014 2015 2016 Steers 700-800 lbs # of pens 224 216 173 107 122 # of cattle 36,850 36,166 28,659 18,028 21,768 Purchase price/cwt $145.80 $143.70 $171.69 $228.85 $177.88 Pay weight in 751 754 761 760 752.71 Sale pay weight 1418 1402 1410 1456 1462.64 Average daily gain 3.38 3.28 3.39 3.32 3.39 Days on feed 195 197 191 208 208 Dry matter Feed:Gain 7.05 7.26 7.2 7.11 7.027 Feed cost/cwt of gain $83.92 $94.30 $64.76 $52.59 $50.57 Vet & Medical cost/cwt of gain $2.33 $2.39 $2.20 $2.10 $2.09 Yardage cost/cwt of gain $8.45 $8.93 $8.54 $8.70 $8.69 Interest cost/cwt of gain $1.33 $1.36 $4.90 $7.13 $5.71 Non Feed Cost/cwt of gain $11.12 $11.63 $11.33 $11.09 $11.31 Total cost/cwt of gain $95.04 $105.87 $76.09 $63.68 $61.69 Breakeven $/cwt $124.46 $128.00 $130.60 $154.28 $124.83 Death loss 1.02% 0.93% 1.07% 1.19% 1.03% Net sale price/cwt $122.40 $126.41 $152.40 $150.32 $117.28 Profit/loss per animal ($28.58) ($19.90) $314.84 ($58.05) ($111.57)
Year 2012 2013 2014 2015 2016 Steers 800+ lbs. # of pens 286 415 359 329 358 # of cattle 53,233 75,426 62,327 56,399 59,581 Purchase price/cwt $137.70 $136.53 $165.73 $209.44 $168.71 Pay weight in 876 889 879 892 892.88 Sale pay weight 1435 1447 1444 1490 1481.69 Average daily gain 3.56 3.48 3.53 3.52 3.5 Days on feed 159 161 160 171 167 Dry matter Feed:Gain 7.17 7.48 7.41 7.27 7.266 Feed cost/cwt of gain $86.80 $96.05 $66.74 $54.31 $52.99 Drug cost/cwt of gain $2.38 $2.51 $2.09 $2.13 $2.42 Yardage cost/cwt of gain $8.28 $8.48 $8.37 $8.59 $8.64 Interest cost/cwt of gain $0.85 $0.93 $5.00 $6.37 $5.81 Non Feed Cost/cwt of gain $10.98 $11.20 $11.02 $11.14 $11.51 Total cost/cwt of gain $97.63 $107.25 $77.76 $65.45 $64.25 Breakeven $/cwt $123.47 $126.26 $133.28 $154.27 $129.34 Death loss 0.54% 0.67% 0.58% 0.61% 0.71% Net sale price/cwt $123.57 $126.65 $150.71 $147.59 $121.96 Profit/loss per animal $2.44 $7.12 $255.60 ($100.70) ($110.40)
Year 2012 2013 2014 2015 2016 Heifers <650 lbs. # of pens 72 88 38 54 44 # of cattle 11,666 14,937 7250 7976 5,608 Purchase price/cwt $141.13 $151.12 $166.91 $229.82 $192.30 Pay weight in 573 577 567 569 573.45 Sale pay weight 1217 1245 1250 1237 1284 Average daily gain 2.86 2.69 2.61 2.58 2.614 Days on feed 230 251 258 259 272 Dry matter Feed:Gain 7.08 7.74 7.95 7.96 8.1 Feed cost/cwt of gain $83.36 $100.24 $72.84 $58.83 $59.09 Vet & Medical cost/cwt of gain $3.57 $2.92 $3.45 $2.31 $2.59 Yardage cost/cwt of gain $10.48 $10.84 $11.27 $11.65 $11.78 Interest cost/cwt of gain $1.63 $1.85 $5.86 $7.65 $6.50 Non Feed Cost/cwt of gain $15.32 $14.95 $15.76 $14.67 $15.21 Total cost/cwt of gain $97.83 $114.85 $88.60 $73.47 $74.29 Breakeven $/cwt $120.10 $133.86 $128.31 $150.82 $130.96 Death loss 1.96% 1.60% 2.59% 2.04% 2.83% Net sale price/cwt $123.56 $127.80 $151.23 $148.14 $119.84 Profit/loss per animal $42.26 ($73.60) $290.38 ($33.08) ($141.93)
Year 2012 2013 2014 2015 2016 Heifers >650 lbs. # of pens 175 188 108 81 82 # of cattle 28,297 30,580 17,814 13,352 12,711 Purchase price/cwt $135.39 $134.99 $158.93 $211.44 $166.08 Pay weight in 755 772 771 760 741.22 Sale pay weight 1284 1291 1285 1323 1316.96 Average daily gain 3.11 3.05 2.99 2.86 2.855 Days on feed 171 173 176 199 202 Dry matter Feed:Gain 7.41 7.84 7.96 8.13 8.07 Feed cost/cwt of gain $91.44 $101.94 $72.02 $60.66 $59.68 Drug cost/cwt of gain $3.70 $3.24 $2.34 $2.04 $2.59 Yardage cost/cwt of gain $9.76 $10.18 $10.05 $10.38 $10.45 Interest cost/cwt of gain $1.20 $1.35 $5.30 $7.83 $6.87 Non Feed Cost/cwt of gain $14.26 $13.96 $13.51 $13.18 $13.74 Total cost/cwt of gain $105.70 $115.89 $85.53 $73.84 $73.35 Breakeven $/cwt $125.13 $128.12 $131.36 $156.09 $128.62 Death loss 1.04% 0.77% 0.85% 1.01% 1.28% Net sale price/cwt $123.86 $126.97 $152.08 $146.96 $118.93 Profit/loss per animal ($13.16) ($12.54) $270.80 ($121.56) ($126.44)
all 2016 Holsteins weights 2016 # of pens 54 # of cattle 10,693 Purchase price/cwt $196.77 Pay weight in 590.72 Sale pay weight 1406.6 Average daily gain 2.64 Days on feed 310 Dry matter Feed:Gain 8.164 Feed cost/cwt of gain $62.40 Drug cost/cwt of gain $1.93 Yardage cost/cwt of gain $12.32 Interest cost/cwt of gain $8.39 Non Feed Cost/cwt of gain $16.16 Total cost/cwt of gain $78.56 Breakeven $/cwt $125.56 Death loss 2.87% Net sale price/cwt $114.33 Profit/loss per animal ($158.96)
2016 mixed sex All weights 2016 # of pens 30 # of cattle 3,749 Purchase price/cwt $185.55 Pay weight in 646.3 Sale pay weight 1334.32 Average daily gain 2.72 Days on feed 265 Dry matter Feed:Gain 7.92 Feed cost/cwt of gain $60.73 Drug cost/cwt of gain $4.09 Yardage cost/cwt of gain $11.17 Interest cost/cwt of gain $8.23 Non Feed Cost/cwt of gain $15.57 Total cost/cwt of gain $76.30 Breakeven $/cwt $131.53 Death loss 3.62% Net sale price/cwt $119.72 Profit/loss per animal ($157.09)
2016 All cattle Background # of pens 16 # of cattle 1,708 Purchase price/cwt $189.23 Pay weight in 405.72 Sale pay weight 779.77 Average daily gain 2.82 Days on feed 135 Dry matter Feed:Gain 5.775 Feed cost/cwt of gain $48.00 Drug cost/cwt of gain $4.36 Yardage cost/cwt of gain $11.65 Interest cost/cwt of gain $4.14 Non Feed Cost/cwt of gain $17.84 Total cost/cwt of gain $65.83 Breakeven $/cwt $132.27 Death loss 2.07% Net sale price/cwt $127.89 Profit/loss per animal ($26.22)
2016 <650 lbs. >650 lbs. Heifers Top 1/3 Ave. Top 1/3 Ave. # of pens 12 44 24 82 # of cattle 1,270 5,608 3,541 12,711 Purchase price/cwt $184.94 $192.30 $165.17 $166.08 Pay weight in 556.43 573.45 718.9 741.22 Sale pay weight 1279.72 1284 1321.38 1316.96 Average daily gain 2.708 2.614 3.14 2.855 Days on feed 269 272 192 202 Dry matter Feed:Gain 7.205 8.1 7.0875 8.07 Feed cost/cwt of gain $52.04 $59.09 $53.66 $59.68 Drug cost/cwt of gain $3.23 $2.59 $3.70 $2.59 Yardage cost/cwt of gain $11.51 $11.78 $9.49 $10.45 Interest cost/cwt of gain $6.24 $6.50 $6.79 $6.87 Non Feed Cost/cwt of gain $15.58 $15.21 $13.76 $13.74 Total cost/cwt of gain $67.62 $74.29 $67.18 $73.35 Breakeven $/cwt $122.26 $130.96 $123.22 $128.62 Death loss 1.84% 2.83% 0.94% 1.28% Net sale price/cwt $117.30 $119.84 $117.32 $118.93 Profit/loss per animal ($63.03) ($141.93) ($77.41) ($126.44)
2016 <700 lbs. 700-800 lbs Steers Top 1/3 Ave. Top 1/3 Ave. # of pens 44 124 43 122 # of cattle 7,623 20,397 7,986 21,768 Purchase price/cwt $203.75 $215.94 $171.98 $177.88 Pay weight in 633.25 628.64 746.58 752.71 Sale pay weight 1435.28 1435 1465 1462.64 Average daily gain 3.505 3.218 3.59 3.39 Days on feed 225 249.66 197 208 Dry matter Feed:Gain 6.2675 7.026 6.355 7.027 Feed cost/cwt of gain $47.51 $51.81 $46.37 $50.57 Vet & Medical cost/cwt of gain $3.13 $2.51 $2.23 $2.09 Yardage cost/cwt of gain $8.57 $9.29 $8.20 $8.69 Interest cost/cwt of gain $5.18 $6.22 $5.53 $5.71 Non Feed Cost/cwt of gain $12.32 $12.42 $11.36 $11.31 Total cost/cwt of gain $59.83 $64.23 $57.17 $61.69 Breakeven $/cwt $126.57 $133.90 $118.58 $124.83 Death loss 1.53% 1.59% 0.87% 1.03% Net sale price/cwt $119.72 $121.65 $115.38 $117.28 Profit/loss per animal ($107.25) ($179.70) ($47.23) ($111.57)
2016 >800 lbs. Steers Top 1/3 Ave. # of pens 132 358 # of cattle 21,432 59,581 Purchase price/cwt $164.23 $168.71 Pay weight in 900.29 892.88 Sale pay weight 1486.88 1481.69 Average daily gain 3.788 3.5 Days on feed 153 167 Dry matter Feed:Gain 6.548 7.266 Feed cost/cwt of gain $48.50 $52.99 Vet & Medical cost/cwt of gain $2.95 $2.42 Yardage cost/cwt of gain $8.19 $8.64 Interest cost/cwt of gain $5.21 $5.81 Non Feed Cost/cwt of gain $12.05 $11.51 Total cost/cwt of gain $59.89 $64.25 Breakeven $/cwt $124.65 $129.34 Death loss 0.45% 0.71% Net sale price/cwt $121.59 $121.96 Profit/loss per animal ($47.00) ($110.40)
FEEDLOT VISION TRACKING AND CLOSEOUT SOFTWARE FROM PURINA ANIMAL NUTRITION Why use Feedlot Vision to track your cattle? -It allows for needed adjustments to be made while the cattle are still on feed -Breakevens and cost of gain are monitored as you enter data. -You can compare your feeding operation to industry benchmarks accurately. -Accurate & up to date information = better feeding and marketing decisions. By entering this data: *Purchase weight *Purchase price *Feed pounds *Feed costs *Non-feed costs *Sale weight *Sale price You will generate this data: *Average daily gain *Dry matter intake *Dry matter feed efficiency *Feed cost of gain *Total cost of gain *Breakevens *Detailed closeouts Feedlot Vision generates numerous reports such as: *Monitoring reports *Billing for customers *Dry Matter Intake and Feed Usage reports *Feedyard Summary Report all the pens from one Feedyard on a single page *Detailed and summary closeouts For questions & more information on Feedlot Vision please email John Magnuson at jcmagnuson@landolakes.com FEEDLOT VISION SEE YOUR WAY TO BETTER PROFITABILITY