Fall '07 Spring '07
Calving Calving
Calf crop, % weaned 88% 84%
_______ _______
ESTIMATED INCOME/COW
Steer calf sales: 560 lbs. @ $123/cwt. x 88% x 1/2 -- $289.30
560 lbs. @ $128/cwt. x 84% x 1/2 $315.39 --
Heifer calf sales: 540 lbs. @ $113/cwt. x 88% x 1/2 -- 256.28
540 lbs. @ $118/cwt. x 84% x 1/2 280.37 --
Cull cow sales: 1200 lbs. x $54/cwt. x 14% -- 90.72
1200 lbs. x $53/cwt. x 14% 89.04 --
_______ _______
ESTIMATED TOTAL INCOME/COW $684.80 $636.30
ESTIMATED OPERATING COSTS/COW
Summer Pasture (rental rate) $ 88.00 $ 94.40
Hay and forage 179.97 158.84
Grain 12.68 6.34
Protein and minerals 42.59 30.42
Labor ($11/hr. x 5.5 hrs.) 55.00 55.00
Veterinary, drugs, and supplies 25.00 25.00
Marketing 17.12 15.91
Utilities and all machinery costs 90.32 90.32
Livestock facility repairs 8.00 8.00
Breeding charges:
Cow replacement (15% of heifer calves) 174.90 174.90
Bull cost or A.I. charge 14.50 14.50
Interest on breeding stock 88.39 88.39
Insurance on breeding stock 11.05 11.05
Professional fees (legal, accounting, etc.) 1.00 1.00
Miscellaneous 6.00 6.00
Operating interest (1/2 of selected operating
costs x 8%) 21.83 21.50
_______ _______
Total Operating Costs $836.35 $800.57
ESTIMATED OWNERSHIP COSTS/COW
Depreciation on livestock facilities $ 8.48 $ 8.48
Interest on livestock facilities 10.44 10.44
Insurance and taxes on capital items 11.55 11.55
_______ _______
Total ownership costs $ 30.47 $ 30.47
ESTIMATED TOTAL COSTS/COW $866.82 $831.04
________________________________________________________________________
Income over Operating Costs/Cow -$151.55 -$164.27
Income over Total Costs/Cow -$182.02 -$194.74
________________________________________________________________________
For more details see website
http://agebb.missouri.edu/mgt/budget/index.htm
Prepared by Melvin Brees, Ag. Economist, FAPRI, and
Joe Horner, Ag. Economist, Dairy and Beef.
________________________________________________________________________
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Winter Pasture
Backgrounding Backgrounding
__________ __________
ESTIMATED INCOME/ STEER
Market steer sales: 796 lbs. @ $108/cwt. $859.68 --
756 lbs. @ $110/cwt. -- $831.60
Less cost of:
Fall purchased steer: 560 lbs. @ $123/cwt. 688.80 --
Spring purchased steer: 560 lbs. @ $128/cwt. -- 716.80
Less death loss, 1% 8.60 8.32
_______ _______
ESTIMATED TOTAL INCOME/ STEER $162.28 $106.48
ESTIMATED OPERATING COSTS/STEER
Summer Pasture (rental rate) -- $ 18.42
Fescue hay 39.98 --
Grain 52.78 22.05
Soybean meal 13.91 --
Salt, minerals, limestone 4.73 4.73
Labor ($11/hr.) 27.50 16.50
Veterinary, drugs, and supplies 18.00 15.00
Marketing 38.93 31.13
Utilities and all machinery costs 46.98 25.40
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%) 18.37 17.73
_______ _______
Total Operating Costs $269.43 $156.21
ESTIMATED OWNERSHIP COSTS/STEER
Depreciation on livestock facilities $ 3.87 $ .62
Interest on livestock facilities 4.76 1.02
Insurance and taxes on capital items 6.73 .18
_______ _______
Total ownership costs $ 15.36 $ 1.82
_______ ________
ESTIMATED TOTAL COSTS/STEER $284.79 $158.05
________________________________________________________________________
Income over Operating Costs/Steer -$107.15 -$ 49.73
Income over Total Costs/Steer -$122.51 -$ 51.57
________________________________________________________________________
Cwt. of gain per steer purchased 2.28 1.88
Feed cost per cwt. of gain $ 48.85 $ 23.99
Breakeven market steer price per cwt. $123.54 $116.89
________________________________________________________________________
For more details see website
http://agebb.missouri.edu/mgt/budget/index.htm
Prepared by Melvin Brees, Ag. Economist, FAPRI, and
Joe Horner, Ag. Economist, Dairy and Beef.
________________________________________________________________________
|
Your Estimate
ESTIMATED INCOME/COW
Heifer sales:
Bred heifer, springer (0.88 head x 1,200/hd) $1,056.00 $____________
Cull heifer (0.05 head x $540/hd.) 27.00 ____________
Yearling heifer (0.075 head x $750/hd) 56.25 ____________
Less cost of purchased heifer calf
(540 lbs. @ $105/cwt.) 567.00 ____________
Less death loss (1% of market animals) 11.39 ____________
_________
ESTIMATED TOTAL INCOME/COW $560.86 $____________
ESTIMATED OPERATING COSTS/COW
Summer Pasture (5.58 AUMs @ $8/AUM) 44.64 ____________
Mixed hay (2,925 lbs. @ $75/T.) 109.69 ____________
Corn (5.89 bu. @ $3.92/bu.) 23.09 ____________
Protein supplement (330 lbs. @ $260/T.) 42.90 ____________
Minerals and salt (104 lbs. @ $400/T.) 20.80 ____________
Labor (5 hrs. @ $11/hr.) 55.00 ____________
Veterinary, drugs, and supplies 25.00 ____________
Marketing 34.00 ____________
Breeding cost 30.00 ____________
Utilities and all machinery costs 90.01 ____________
Livestock facility repairs 8.00 ____________
Professional fees (legal, accounting, etc.) 2.00 ____________
Miscellaneous 4.00 ____________
Operating interest (1/2 of selected
operating costs @ 8%) 68.39 ____________
_________
Total Operating Costs 557.52 $____________
ESTIMATED OWNERSHIP COSTS/COW
Depreciation on livestock facilities $ 8.45 $____________
Interest on livestock facilities 11.11 ____________
Insurance and taxes on capital items 11.09 ____________
_______
Total ownership costs $ 30.65 $____________
_________
ESTIMATED TOTAL COSTS/COW $588.17 $____________
________________________________________________________________________
Income over Operating Costs $ 3.34 $____________
Income over Total Costs - $ 27.31 $____________
________________________________________________________________________
Total cost per head per day $1.51 $____________
Springer heifer breakeven price, $/head $1,231.03 $____________
________________________________________________________________________
For more details see website
http://agebb.missouri.edu/mgt/budget/index.htm
Prepared by Melvin Brees, Ag. Economist, FAPRI, and
Joe Horner, Ag. Economist, Dairy and Beef.
________________________________________________________________________
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