| Projected Summer Grazing Returns For Steers in Utah | |||||
| 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 | $162.50 | $150.25 | $144.00 | $162.50 | $150.25 |
| Initial Cost ($/head) | $893.75 | $976.63 | $1,080.00 | $893.75 | $976.63 |
| Projected Average Daily Gain | 1.65 | 1.65 | 1.65 | 1.50 | 1.50 |
| Projected Days on Pasture | 94 | 94 | 94 | 124 | 124 |
| Projected Final Weight | 705 | 805 | 905 | 736 | 836 |
| Pasture Cost per Head per Month | $18.00 | $18.00 | $18.00 | $18.00 | $18.00 |
| Other Costs/Head (vet, feed, int., misc) | $42.35 | $44.89 | $48.05 | $48.23 | $51.31 |
| Initial Cost + Total Summer Cost | $992.50 | $1,077.91 | $1,184.45 | $1,016.38 | $1,102.33 |
| Projected Break-even Sales Price | $140.76 | $133.89 | $130.86 | $138.09 | $131.86 |
| 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 | -$10.00 | -$15.00 | -$17.00 | -$11.00 | -$16.00 |
| Estimated Selling Price | $123.68 | $118.68 | $116.68 | $121.10 | $116.10 |
| Projected Returns ($/head) | -$120.43 | -$122.42 | -$128.38 | -$125.08 | -$131.74 |
| a Salina Utah Auction Market Prices | |||||
| b Salina Utah Auction Market 5-year Average | |||||