Due to the ongoing volatility in prices we assembled a set of spring 2022 feedlot projections looking at purchasing and placing animals on feed in late April and early May. We used current feed prices including pricing dry corn as currently in storage that could be sold as cash grain. Corn stored as high moisture grain last fall is likely worth less due to fewer or no sale options.
Spring 2022 purchase prices were determined by looking at late April area feeder sales in western Wisconsin and southeastern Minnesota. Projected sale prices were estimated by looking at futures contract prices, seasonal and cyclical trends, current placements, and animal breed influence on prices.
Current prices, cost structures, and volatility are resulting in rapid changes in the enterprise margins this spring and will continue to affect margins.
These projections are intended to serve as an initial guide. These projections are based on averages; therefore, the prices and scenarios will not apply to every feedlot operation. They serve as a guide for helping producers to use their own numbers to evaluate their specific situation.
In the projection’s spreadsheet file, the yardage calculator and ration cost calculator components are not functional due to the way they are bundled together into one spreadsheet. We recommend using the UW-Madison Extension Feedlot Enterprise Budget that they were adapted from. The fully functional Extension Feedlot Enterprise Budget Tool (xls) includes functional feed, yardage, and labor and management tabs to help producers evaluate their operation more accurately. Using the enterprise budget tool or similar tools with your own numbers is more valuable to help you with your decisions than using our estimates.
The Spring 2022 Cattle Feeder Projections (xls) include the following eight different feedlot related enterprises that are summarized on the first tab. Each enterprise projection has its own sheet within the file.
- Holstein bull calf birth to 400 lbs
- Dairy x Beef cross calf birth to 400 lbs
- Dairy x Beef cross steers 400-1400 lbs
- Holstein steers 400-800 lbs
- Holstein steers 400-1450 lbs
- Holstein steers 800-1450 lbs
- Finishing beef yearlings 775-1400 lbs
- Beef feeder heifer calves 725-1250 lbs