About the Retained Ownership Tool

This page contains the following helpful information for users of the BeefBasis Retained Ownership tool.

Purpose of the Retained Ownership Tool

This tool provides detailed inputs and explores opportunities to profit from alternate marketing dates and weights.

Input Descriptions

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Total Head

Enter the size of the lot (number of head of cattle) that you intend to market together.

Buy Date

Enter the date when you expect to buy the cattle.

Feedlot In Weight

Weight of animal at time of feedlot entry.

Finish Weight

Expected kill weight.

Feedlot In Price

Price of animal in $/cwt at time of feedlot entry.

Grid Premium

Grid prices, or value-based marketing, refers to pricing cattle on an individual animal basis. Prices differ according to the underlying value of the beef and by-products produced from each animal.

View the Grid and Formula Pricing in the Beef Industry PDF for more information.

Dry Matter Intake

Amount of feed (dry matter) animal eats.

Dry Matter Conversion

Amount of feed (dry matter) animal eats.

Laid In Corn Price

Your corn cost.

Out Price (Live)

Price of animal in $/cwt at expected kill date.

Trucking Rate/Mile

Trucking cost in $ / mile.

Miles

Number of miles trucked.

Auction Commission

Commission that auction yard would charge to sell your animal.

Background

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Auto Calculate Feed

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Dry Matter Cost

Average cost of dry matter in $/ton.

Weaned Weight

Weight of animal at time of purchase.

Cost of Gain

Cost of lbs gained during backgrounding stage.

Daily Gain

Average daily gain of animal during backgrounding.

Price At Weaning

Price of animal at time of weaning.