2004 Midwest Feedlot Closeout Summaries  

Closeouts from Iowa, Illinois, Minnesota, South Dakota and Wisconsin feedlots on the Land O'Lakes Beef Program

 

2004 Feedlot Closeout Comparisons     2004 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 79 241 52 157 36 110     Lots 59 181 71 216
Cattle Number      15,048     45,782       8,911     29,133       8,285     22,597     Cattle Number        7,744     25,946       8,946      31,853
Purchase Price $103.94 $102.98 $98.23 $96.73 $96.61 $92.27     Purchase Price $100.80 $98.89 $94.03 $91.99
Pay Weight In 604 603 743 746 865 863     Pay Weight In 562 573 751 761
Sale Pay Weight 1276 1284 1335 1328 1369 1358     Sale Pay Weight 1133 1147 1173 1195
ADG 3.22 2.98 3.37 3.11 3.54 3.22     ADG 2.93 2.66 3.02 2.83
Days In Lot 205 220 173 183 141 151     Days In Lot 192 208 140 152
Net Weight Gain 667 673 585 574 500 490     Net Weight Gain 563 562 423 431
Dry Matter Fed/Lb Gain 6.14 6.89 6.48 7.25 6.44 7.45     Dry Matter Fed/Lb Gain 6.42 7.32 6.65 7.64
Feed Cost/Cwt Gain $33.36 $37.16 $34.58 $38.27 $33.06 $38.34     Feed Cost/Cwt Gain $36.17 $40.39 $37.64 $42.26
Drug/Vet/Processing $2.00 $1.92 $1.55 $1.78 $1.53 $1.62     Drug/Vet/Processing $2.57 $2.69 $2.41 $2.43
Yardage Cost/Cwt Gain $7.28 $7.58 $6.80 $7.30 $6.26 $7.01     Yardage Cost/Cwt Gain $8.13 $8.69 $7.74 $8.02
Interest Cost/Cwt Gain $3.53 $3.93 $3.60 $4.10 $3.79 $4.18     Interest Cost/Cwt Gain $3.87 $4.15 $4.00 $4.23
Non-Feed Cost/Cwt Gain $13.02 $13.61 $11.77 $12.71 $11.66 $12.61     Non-Feed Cost/Cwt Gain $13.10 $14.68 $12.99 $13.63
Total Cost/Cwt Gain $45.96 $50.04 $46.28 $50.73 $44.35 $50.44     Total Cost/Cwt Gain $49.10 $54.60 $50.27 $55.49
Breakeven $/Cwt Gain $76.86 $75.79 $75.49 $76.97 $77.74 $77.72     Breakeven $/Cwt Gain $75.32 $77.25 $78.83 $78.68
Death Loss % 0.90% 1.60% 0.62% 0.85% 0.76% 0.86%     Death Loss % 1.53% 2.26% 0.76% 0.98%
Weighted Average NEg 59.7 59.3 60.6 60.3 60.6 60.4     Weighted Average NEg 59.4 58.7 60.1 59.4
Net Sale Price/Cwt $86.31 $85.22 $84.98 $84.30 $82.26 $82.72     Net Sale Price/Cwt $85.56 $89.89 $82.92 $83.27
Average Corn Price/Bu $2.52 $2.52 $2.53 $2.51 $2.39 $2.43     Average Corn Price/Bu $2.52 $2.51 $2.35 $2.44
Net Profit/Loss $164.29 $126.77 $127.23 $98.83 $64.62 $70.72     Net Profit/Loss $117.15 $88.42 $61.33 $57.56