| Projected Summer Grazing Returns For Steers in Nebraska | |||||
| Placement Date | 5/28/2011 | 5/28/2011 | 5/28/2011 | 5/28/2011 | 5/28/2011 |
| Initial Weight | 550 | 650 | 750 | 550 | 650 |
| Initial Price ($/cwt) a | $193.88 | $172.71 | $157.41 | $193.88 | $172.71 |
| Initial Cost ($/head) | $1,066.31 | $1,122.58 | $1,180.54 | $1,066.31 | $1,122.58 |
| Projected Average Daily Gain | 1.75 | 1.75 | 1.75 | 1.65 | 1.65 |
| Projected Days on Pasture | 94 | 94 | 94 | 124 | 124 |
| Projected Final Weight | 715 | 815 | 915 | 755 | 855 |
| Pasture Cost per Head per Month | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 |
| Other Costs/Head (vet, feed, int., misc) | $39.39 | $40.68 | $42.01 | $43.78 | $45.29 |
| Initial Cost + Total Summer Cost | $1,168.37 | $1,225.93 | $1,285.21 | $1,192.75 | $1,250.54 |
| Projected Break-even Sales Price | $163.52 | $150.51 | $140.54 | $158.06 | $146.33 |
| Projected Sales Date | 8/30/2011 | 8/30/2011 | 8/30/2011 | 9/29/2011 | 9/29/2011 |
| Current FC Futures Market | $133.68 | $133.68 | $133.68 | $132.10 | $132.10 |
| Historical Basis b | $5.00 | $1.00 | -$3.00 | $2.00 | -$2.00 |
| Estimated Selling Price | $138.68 | $134.68 | $130.68 | $134.10 | $130.10 |
| Projected Returns ($/head) | -$177.50 | -$128.96 | -$90.14 | -$180.84 | -$138.71 |
| a Combined Nebraska Auction Market Weekly Average | |||||
| b Nebraska 5-year Average | |||||