Feedout Returns For 170 Missouri Steers Still Negative
MT. VERNON, MO.
The 170 Missouri steers were in the feedout that completed in late May, had an average loss per head of $214. As bad as that seems, the steers that closed out in December had an average loss of $609 per head with an overall improvement of $395 per head.
Of the 170 steers that started the evaluation last November at the Gary Nilan Feedlot, Oakland, Iowa, complete carcass data was given on 164 head. The other five either died or are still not sold. Nilan's lot is one of those southwest Iowa lots that are part of the Tri-County Steer Carcass Futurity. Missouri has used the TCSCF since 2001.
Only 13 steers in this evaluation showed a positive return per head varying from 1 cent up to $81.48. Losses per steer were as high as $754. The program reveals the vast differences in net returns among the entries. The overall costs per hundred includes an initial value placed on the steers in November by a Missouri Department of Agriculture Market Reporter. That price range is a big factor in profits as the price per hundred in November went from $137 to $232.
The six head entry from Bart Renkoski, Purdy claimed the least money lost per steer with an average of $59.21. Four of the steers showed a positive margin ranging from 16 cents to $60.29.
The Renkoski steers were sired by GAR Prophet an Angus. Their dams were Angus x Gelbvieh. They posted the top rate of gain among the 17 groups entered. Their gain was 3.46 lbs. per day. Eighty-three percent of those steers graded low Choice or better with 67 percent having Yield Grades of 1 or 2.
Just a year ago Renkoski's ten-head entry was dead last among the 20 groups entered with a loss per head of $404. Part of that was due to one steer's death.
The TCSCF data also computes a Retail Value per Day on Feed and Day of Age. The number one steer in each category came from Jared Hyder, Neosho. The Charolais-sired steer was out of a Gelbvieh cow. His daily gain was 3.70 lbs. He weighed 1505 lbs. at harvest, his Quality Grade was Select plus with a yield Grade of 2.97. He and his nine herd mates were the only group to achieve a 70-70-0 rating. That means 70 percent of them graded low Choice or better, 70 percent were Yield Grades 1 and 2 and there were 0 outlier cattle.
Seven of the 17 groups made 70 percent Yield Grades 1 and 2. Several groups did receive outlier discounts due to low Quality and Yield grades. Overall the 164 steers had a 64-62-6.7 percent.
Following Renkoski in the profitability ranking were Goodnight Angus, Carthage, Norman Garton, Nevada and Brockmere Farms, Inc., Brookfield. All of these were Angus sired.
The feed cost for the pen was $65.41 per cwt with a total cost of gain of $89.11. The average profit includes the value and expenses for the five steers that died. One light-weight steer has yet to be harvested.
“The feedout is an excellent way to evaluate the performing ability of feeder calves in the feedlot and on the rail. It is a relatively low-risk program guided by the University of Missouri Extension livestock specialists around the state,” said Eldon Cole, livestock specialist with University of Missouri Extension.
The next feedout will begin in November for steer calves born in 2016. Entries are due by October 10. Find rules and regulations at http://extension.missouri.edu/lawrence/livestock.aspx. A complete review of the recent feedout, including pictures may be seen at http://extension.missouri.edu/lawrence . ∆
Hyder#129, "Cover Boy" - The top retail value steer in the recent Missouri Steer
Feedout Consigned by Jared Hyder, Neosho.
Photo credits: MU Extension
Renkoski#88, A steer from the Bart Renkoski, Purdy group that had the
least money lost and he showed a 3.78 average daily gain and produced
a Certified Angus Beef carcass.