2002 BACKGROUNDING STEER CALVES BUDGET											7
450 lbs. - 700 lbs.
180 Days on Pasture
		ITEM			QUANTITY/UNIT		PRICE PER		AMOUNT		YOUR
							UNIT				BUDGET
RECEIPTS
	Yearling Steer 1				679	lb	$0.78	/lb	$530
VARIABLE COSTS
	Feed 2
		Pasture (Hay Equivalent)			1.2	ton	20.00	/ton	24
		Salt and Mineral							5
TOTAL FEED COSTS									29
	Feeder Calf				450	lb	0.80	/lb	360
	Health Program								8
	Transportation								5
	Marketing								10
	Int. on Operating Cap 3			$388	6	mo	9%		17
TOTAL VARIABLE COSTS									429
FIXED COSTS
	Labor Charge				1	hours	8.00	/hr	8
	Fence and Facilities								25
	Management Charge 4				5%	of gross revenue			8
TOTAL FIXED COSTS									41
TOTAL COSTS									471
				Price per cwt.			$70	$75	$80
			679	lb yearling gross value			475	509	543
			RETURN ABOVE VARIABLE COSTS				46	80	114
			RETURN ABOVE TOTAL COSTS				4	38	72
1. 700 lbs. gross weight less 3% death loss equaling 21 lbs.
2. Based on OSU Feedlot Ration Formulation; bluegrass pasture.
3. Includes full cost of feeder steer calf plus 1/2 cost of feed, health program,
	and transportation 6 months at 9% interest.
4. 5% of gross minus calf cost.