1999 Midwest Feedlot Closeout Summaries

Closeouts from Iowa, Minnesota, Nebraska and South Dakota feedlots on the Land O Lakes Beef Program
Closeouts - 1999   Closeouts - 1999
Steers   Heifers
  <700# 700-800# >800# Totals     <600# >600# Totals
Pens 159 103 114 376   Pens 63 151 214
Cattle Number 29,514 18,951 18,798 67,263   Cattle Number 10,839 27,005 37,844
Purchase Price $76.82 $72.77 $70.31     Purchase Price $73.85 $70.03  
Pay Weight In 606 749 885     Pay Weight In 535 715  
Sale Pay Weight 1266 1293 1352     Sale Pay Weight 1138 1176  
ADG 2.99 3.20 3.35     ADG 2.57 2.81  
Days In Lot 217 169 138     Days In Lot 232 163  
Net Weight Gain 648 540 463     Net Weight Gain 597 457  
Dry Matter Fed/Lb Gain 6.85 7.01 7.34     Dry Matter Fed/Lb Gain 7.35 7.55  
Feed Cost/Cwt Gain $29.95 $30.40 $30.82     Feed Cost/Cwt Gain $32.09 $32.19  
Drug/Vet/Processing $1.66 $1.77 $1.93     Drug/Vet/Processing $1.78 $2.07  
Yardage Cost/Cwt Gain $6.69 $5.79 $5.48     Yardage Cost/Cwt Gain $7.63 $6.78  
Interest Cost/Cwt Gain $4.54 $4.69 $5.19     Interest Cost/Cwt Gain $4.47 $4.83  
Non-Feed Cost/Cwt Gain $13.03 $12.35 $12.71     Non-Feed Cost/Cwt Gain $13.85 $13.53  
Total Cost/Cwt Gain $42.68 $42.57 $42.04     Total Cost/Cwt Gain $45.85 $45.05  
Breakeven $/Cwt Gain $59.16 $60.18 $60.92     Breakeven $/Cwt Gain $58.81 $60.49  
Death Loss % 1.17% 0.50% 0.45%     Death Loss % 1.15% 0.76%  
Weighted Average NEg 58.3 59.5 59.7     Weighted Average NEg 57.1 59.2  
Net Sale Price/Cwt $64.73 $65.13 $64.64     Net Sale Price/Cwt $65.63 $64.80  
Average Corn Price/Bu $1.98 $1.94 $1.88     Average Corn Price/Bu $1.90 $1.89  
Net Profit/Loss $70.93 $64.81 $55.38     Net Profit/Loss $78.20 $51.71  

05/14/2001

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