![]() The author would like to acknowledge that data used in this study comes from farms across the State of Illinois enrolled in Illinois Farm Business Farm Management (FBFM) Association. Therefore, keeping good, accurate records and comparing them over-time is useful to help make the best financial decision for your feeder cattle or any operation. ![]() It is ironic that the 500-750 group that has the majority among FBFM feeder cattle operations, also has the highest returns above feed cost per hundredweight produced by almost a dollar. However, when these items are combined to calculate returns above feed costs per hundredweight produced, the difference in the three different groups is small. When you combine these items, even though the <500 group received less dollars per hundredweight when they sold cattle, that group had the highest gross returns due to lower purchase weights. The <500 group sells their cattle on average about $6 less per hundredweight when looking at the twenty-year average. When these feeder cattle operations market their cattle, the 500-750 group and 750+ group receive the highest average price received on a hundredweight basis. These average sale weights are true for the last ten-year and five-year averages as well. On average, the <500 group market their cattle around 1,200 pounds while the 500-750 and 750+ groups market their cattle around 1,300 pounds and 1,400 pounds, respectively. For example, the <500 group had the lowest average weight purchased of 305 pounds as well as the lowest average weight sold of 1,193 pounds. ![]() When looking at the average weight per market cattle sold, we see that the smaller the animal was when purchased the smaller the animal was when sold.
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