5
2002 SLAUGHTER HEIFER BUDGET
550 lbs. - 1100 lbs.
		ITEM			QUANTITY/UNIT		PRICE PER		AMOUNT		YOUR
							UNIT				BUDGET
RECEIPTS
	Heifer 1				1,062	lb	$0.71	/lb	$754
VARIABLE COSTS
	Feed 2
		Corn			54	bu	2.30	/bu	124
		Purchased Supplement			75	lb	0.10	/lb	8
		Corn Silage (32% DM w/NPN)			2.9	ton	22.50	/ton	65
TOTAL FEED COST									197
	Feeder Calf				550	lb	0.70	/lb	385
	Health Program
		(Rumensin, Implant, Minerals)							26
	Marketing								15
	Electric, Telephone, & Misc.								12
	Int. on Operating Cap 3			$521	9.8	mo	9%		38
TOTAL VARIABLE COSTS									673
FIXED COSTS
	Labor Charge				2	hours	8.00	/hr	16
	Equipment Charge 4				$135		17.6%		19
	Buildings Charge 5				$165		14.7%		20
	Management Charge 6				5%	of gross revenue			18
TOTAL FIXED COSTS									74
TOTAL COSTS									747
				Price per cwt.			$65	$70	$75
			1062	lb heifer gross value			690	743	796
			RETURN ABOVE VARIABLE COSTS				17	70	123
			RETURN ABOVE TOTAL COSTS				(57)	(4)	49
1. 1100 lbs. gross weight less 3.5% death loss equaling 38 lbs.
2. Based on OSU Feedlot Ration Formulation; NPN corn silage: urea, anhydrous ammonia or other sources
	added to bring protein equivalent to   13%; shelled corn feed at 1% of body weight to 900 lbs.; then
	1.5% of body weight to finish; frame size - medium, feedlot environment - excellent;
	includes ionophore and growth stimulant; asumes no gain for the first two weeks of feeding period.
3. Includes full cost of feeder steer plus 1/2 cost of feed, vet & med. and utilities for 9.8 mo. at 9% interest.
4. Includes $135 investment X 20% annual cost X 9.8 months use
5. Includes $165 investment in housing, feed storage, and corrals X 17% annual cost X 9.8 months use
6. 5% of gross minus calf cost.