6
2002 YEARLING SLAUGHTER STEER BUDGET
650 lbs. - 1250 lbs.
		ITEM			QUANTITY/UNIT		PRICE PER		AMOUNT		YOUR
							UNIT				BUDGET
RECEIPTS
	Steer 1				1,225	lb	$0.72	/lb	$882
VARIABLE COSTS
	Feed 2
		Corn			51	bu	2.30	/bu	117
		Purchased Supplement			75	lb	0.12	/lb	9
		Corn Silage (32% DM w/NPN)			3.1	ton	22.50	/ton	70
TOTAL FEED COSTS									196
	Feeder Calf				650	lb	0.73	/lb	475
	Health Program
		(Rumensin, Implant, Minerals)							24
	Marketing								15
	Electric, Telephone, & Misc.								10
	Int. on Operating Cap. 3			$607	6.5	mo	9%		30
TOTAL VARIABLE COSTS									749
FIXED COSTS
	Labor Charge				1.5	hours	8.00	/hr	12
	Equipment Charge 4				$135		17.6%		13
	Buildings Charge 5				$165		14.7%		13
	Management Charge 6				5%	of gross revenue			20
TOTAL FIXED COSTS									58
TOTAL COSTS									808
				Price per cwt.			$65	$70	$75
			1225	lb steer gross value			796	858	919
			RETURN ABOVE VARIABLE COSTS				47	108	170
			RETURN ABOVE TOTAL COSTS				(11)	50	111
1. 1250 lbs. gross weight less 2.0% death loss equaling 25 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 6.5 mo. at 9% int.
4. Includes $135 investment X 20% annual cost X 6.5 months use
5. Includes $165 investment in housing, feed storage, and corrals X 17% annual cost X 6.5 months use
6. 5% of gross minus steer cost.