2003 Midwest Feedlot Closeout Summaries
Closeouts from Iowa, Illinois, Minnesota, and South Dakota feedlots on the Land O'Lakes Beef Program
| 2003 Feedlot Closeout Comparisons | 2003 Feedlot Closeout Comparisons | |||||||||||
| Steers | Heifers | |||||||||||
| <700# | 700-800# | >800# | <600# | >600# | ||||||||
| Top 1/3 | Avg | Top 1/3 | Avg | Top 1/3 | Avg | Top 1/3 | Avg | Top 1/3 | Avg | |||
| Lots | 78 | 240 | 53 | 164 | 49 | 165 | Lots | 30 | 90 | 91 | 277 | |
| Cattle Number | 13,434 | 45,159 | 9,345 | 29,387 | 11,049 | 36,417 | Cattle Number | 4,474 | 13,436 | 12,702 | 42,233 | |
| Purchase Price | $87.99 | $87.45 | $83.32 | $82.52 | $82.35 | $79.45 | Purchase Price | $83.70 | $84.10 | $80.37 | $79.19 | |
| Pay Weight In | 603 | 613 | 749 | 748 | 829 | 852 | Pay Weight In | 543 | 545 | 695 | 714 | |
| Sale Pay Weight | 1260 | 1256 | 1294 | 1278 | 1349 | 1327 | Sale Pay Weight | 1111 | 1127 | 1157 | 1168 | |
| ADG | 3.22 | 3.03 | 3.46 | 3.16 | 3.62 | 3.30 | ADG | 2.83 | 2.66 | 3.01 | 2.85 | |
| Days In Lot | 202 | 208 | 156 | 166 | 151 | 146 | Days In Lot | 193 | 211 | 152 | 157 | |
| Net Weight Gain | 654 | 635 | 542 | 525 | 516 | 471 | Net Weight Gain | 574 | 575 | 457 | 446 | |
| Dry Matter Fed/Lb Gain | 6.19 | 6.84 | 6.42 | 7.15 | 6.29 | 7.20 | Dry Matter Fed/Lb Gain | 6.23 | 7.10 | 6.49 | 7.34 | |
| Feed Cost/Cwt Gain | $31.43 | $33.96 | $31.88 | $35.64 | $31.21 | $36.23 | Feed Cost/Cwt Gain | $33.79 | $36.57 | $35.32 | $38.43 | |
| Drug/Vet/Processing | $1.93 | $2.05 | $1.74 | $1.89 | $1.75 | $1.85 | Drug/Vet/Processing | $2.12 | $2.00 | $2.58 | $2.51 | |
| Yardage Cost/Cwt Gain | $6.94 | $7.28 | $6.20 | $6.86 | $6.46 | $6.85 | Yardage Cost/Cwt Gain | $8.20 | $8.30 | $7.52 | $7.93 | |
| Interest Cost/Cwt Gain | $3.28 | $3.61 | $3.32 | $3.77 | $3.24 | $3.76 | Interest Cost/Cwt Gain | $3.34 | $3.86 | $3.61 | $3.97 | |
| Non-Feed Cost/Cwt Gain | $11.96 | $12.74 | $11.03 | $11.89 | $11.53 | $11.95 | Non-Feed Cost/Cwt Gain | $13.05 | $13.95 | $12.94 | $14.14 | |
| Total Cost/Cwt Gain | $43.10 | $46.30 | $42.52 | $47.25 | $42.76 | $47.96 | Total Cost/Cwt Gain | $46.56 | $50.62 | $48.14 | $52.06 | |
| Breakeven $/Cwt Gain | $65.00 | $66.65 | $66.36 | $68.07 | $67.28 | $68.23 | Breakeven $/Cwt Gain | $65.44 | $67.06 | $67.70 | $68.68 | |
| Death Loss % | 1.00% | 1.38% | 0.36% | 0.69% | 0.35% | 0.51% | Death Loss % | 1.43% | 1.57% | 0.79% | 0.99% | |
| Weighted Average NEg | 59.0 | 58.9 | 60.1 | 59.7 | 60.6 | 59.9 | Weighted Average NEg | 58.4 | 57.2 | 59.8 | 59.1 | |
| Net Sale Price/Cwt | $79.40 | $79.77 | $83.21 | $82.45 | $84.00 | $80. | ||||||