4
2002 SLAUGHTER STEER BUDGET
550 lbs. - 1250 lbs.
							PRICE PER				YOUR
		ITEM			QUANTITY/UNIT		UNIT		AMOUNT		BUDGET
RECEIPTS
	Steer 1				1,206	lb	$0.72	/lb	$868
VARIABLE COSTS
	Feed 2
		Corn			63	bu	2.30	/bu	145
		Purchased Supplement			125	lb	0.12	/lb	15
		Corn Silage (32% DM w/NPN)			3.4	ton	22.25	/ton	76
TOTAL FEED COSTS									236
	Feeder Calf				550	lb	0.80	/lb	440
	Health Program
		(Rumensin, Implant, Minerals)							26
	Marketing								15
	Electric, Telephone, & Misc.								12
	Int. on Operating Cap 3			$596	9.4	mo	9%		42
TOTAL VARIABLE COSTS									771
FIXED COSTS
	Labor Charge				2	hours	8.00	/hr	16
	Equipment Charge 4				135		17.6%		19
	Buildings Charge 5				165		14.7%		19
	Management Charge 6				5%	of gross revenue			21
TOTAL FIXED COSTS									75
TOTAL COSTS									846
				Price per cwt.			$70	$75	$80
			1206	lb steer gross value			844	905	965
			RETURN ABOVE VARIABLE COSTS				74	134	194
			RETURN ABOVE TOTAL COSTS				(1)	59	119
1. 1250 lbs. gross weight less 3.5% death loss equaling 44 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; assumes 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 9.4 months at 9% interest.
4. Includes $135 investment X 20% annual cost X 9.4 months use
5. Includes $165 investment in housing, feed storage, and corrals X 17% annual cost X 9.4 months use
6. 5% of gross minus calf cost.