| Projected Feedlot Returns For Steers in Nebraska | |||||
| Placement Date | 1/28/2012 | 1/28/2012 | 1/28/2012 | 1/28/2012 | 1/28/2012 |
| Initial Weight | 550 | 650 | 750 | 850 | 950 |
| Initial Price ($/cwt) a | $193.88 | $172.71 | $157.41 | $149.41 | $141.98 |
| Initial Cost ($/head) | $1,066.31 | $1,122.58 | $1,180.54 | $1,269.94 | $1,348.81 |
| Projected Average Daily Gain | 2.95 | 3.10 | 3.25 | 3.35 | 3.25 |
| Projected Days on Feed | 220 | 200 | 180 | 160 | 140 |
| Projected Final Weight | 1199 | 1270 | 1335 | 1386 | 1405 |
| Estimated Total Cost of Gain ($/cwt) b | $97.05 | $98.43 | $99.82 | $101.20 | $102.58 |
| Estimated Total Cost of Gain ($/head) | $629.85 | $610.29 | $583.93 | $542.43 | $466.75 |
| Initial Cost + Total Feeding Cost | $1,696.17 | $1,732.87 | $1,764.47 | $1,812.37 | $1,815.56 |
| Projected Break-even Sales Price | $141.47 | $136.45 | $132.17 | $130.76 | $129.22 |
| Projected Sales Date | 9/4/2012 | 8/15/2012 | 7/26/2012 | 7/6/2012 | 6/16/2012 |
| Current LC Futures Market | $131.48 | $128.50 | $128.50 | $128.50 | $126.85 |
| Historical Basis c | -$2.51 | -$1.33 | -$1.48 | -$1.48 | -$0.07 |
| Estimated Selling Price | $128.97 | $127.17 | $127.02 | $127.02 | $126.78 |
| Projected Returns ($/head) | -$149.82 | -$117.81 | -$68.75 | -$51.88 | -$34.31 |
| a Combined Nebraska Auction Market Weekly Average | |||||
| b Based on Values reported by DTN | |||||
| c Nebraska 5-year Average | |||||