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Example Livestock Enterprise Breakeven and Target Price Quick Check

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Livestock Review

Prepared For: MDI Example
Review For: Feeder Cattle

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100 Steers Put on Feed 1/22/2007 - Exam	Phase 1	Totals	Phase 2	Totals
1. Placed on Feed at an average weight of:	500.0 lbs.	50,000 lbs.	850.0 lbs.	84,150 lbs.
2. Projected Average Daily Gain Rate of:	2.30 lbs.		3.30 lbs.
3. Death Loss Percentage Assumed of:	1.00%		0.50%
4. Estimated Finishing Weight of:	850.0 lbs.		1,350.0 lbs.
5. Estimated Number of Days on Feed:	152		151
6. Finish Feeding Date of:	6/23/2007		11/21/2007
7. Purchase Cost per CWT. and Total Cost:	$105.00	$52,500	$93.86	$78,986
8. Estimated Cost of Gain per CWT. of:	$65.00	$22,198	$70.00	$34,650
9. Estimated Vet Costs per Head and Total:	$10.00	$1,000	$5.00	$495
10. Estimated Commission & Trucking of:	$5.00	$500	$0.00	$0
11. Estimated Yardage Costs per Head of:	$0.00	$0	$0.00	$0
12. Interest on Purchase Cost @ 9.5% on 100% of cost	$20.77	$2,077	$31.36	$3,104
13. Interest on Feed @ 9.5% on 50% of Feed Cost	$4.32	$432	$13.30	$1,317
14. Total Cost at Finish Weight of:	$797.84		$1,201.49
15. Cash Breakeven Price per CWT:	$93.86		$89.00

Livestock Enterprise Target Price Quick Check

Phase 1

Livestock Type: Feeder Cattle - Steers

Break Even Price of $93.86 at 850 lbs. using 67749 basis.

Feeder Cattle Review	Cash Price	Local Basis	Futures Price	Target Odds	Futures			Move Needed	Move Odds
Feeder Cattle Review	Cash Price	Local Basis	Futures Price	Last 30 years	Month	Year	Price	Move Needed	Last 30 years
Breakeven	$93.86	($12.00)	$105.86	10.0%	Aug	2007	$99.20	$6.66	23.3%
Breakeven plus $15 per head	$95.63	($12.00)	$107.63	10.0%	Aug	2007	$99.20	$8.43	13.3%
Breakeven plus $30 per head	$97.39	($12.00)	$109.39	10.0%	Aug	2007	$99.20	$10.19	13.3%
Breakeven plus $45 per head	$99.16	($12.00)	$111.16	10.0%	Aug	2007	$99.20	$11.96	10.0%

Phase 2
Livestock Type: Live Cattle - Steers
Break Even Price of $89.00 at 1350 lbs.

Live Cattle Review	Cash Price	Local Basis	Futures Price	Target Odds	Futures			Move Needed	Move Odds
Live Cattle Review	Cash Price	Local Basis	Futures Price	Last 30 years	Month	Year	Price	Move Needed	Last 30 years
Breakeven	$89.00	($1.49)	$90.49	13.3%	December	2007	$91.35	($0.86)	100.0%
Breakeven plus $15 per head	$90.11	($1.49)	$91.60	10.0%	December	2007	$91.35	$0.25	93.3%
Breakeven plus $30 per head	$91.22	($1.49)	$92.71	10.0%	December	2007	$91.35	$1.36	86.7%
Breakeven plus $45 per head	$92.33	($1.49)	$93.82	6.7%	December	2007	$91.35	$2.47	76.7%

Note: For the livestock listed, the review period is from today's date (1/30/2007) to the Finish Feeding Date. Target odds are calculated using the number of times the futures price was reached at least one time during the time period reviewed. The move odds are figured during the same time period and show the number of times the futures moved the amount needed to go from today's futures price to the target futures price.
If the futures price in the above review is red then you have checked the option to receive email updates for that target price.

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