We have updated and revised our annual fall cattle feeder projections for 2017.
New this year is a preconditioning enterprise budget and a budget for finishing beef heifer calves.
Fall 2017 purchase prices were determined by looking at early October area feeder sales in western Wisconsin and southeastern Minnesota.
Projected sale prices were estimated by looking at futures contract prices and taking into account seasonal and cyclical trends in addition to current placements and animal breed.
These projections can serve as an initial guide, however, we strongly encourage producers to use their own numbers rather than our estimated costs to evaluate their own unique situation. The projections spreadsheets are functional, but do not have the yardage calculator and ration cost calculator that the UW Extension Feedlot Enterprise Budget has. The UW Extension Enterprise Budget Spreadsheet can be downloaded at the WBIC site.
Some of the projections suggest it is a wise idea to look at price risk management tools to help protect against price declines.
Prepared by: Bill Halfman, UW Extension Agriculture Agent Monroe County, Dr. Brenda Boetel, UW Extension Livestock Economist, and Dr. Dan Schaefer, UW Madison Animal Science Department