Example budgets for these two systems are given in Table 3. Prices, of course, vary widely by year. Fixed costs and labor costs are not included in the budgets. Steer calf budgets, wintered and grazed and summer grazed only. Average daily gain 1.20 lbs.
Machinery costs, feed preparation, etc.
Total other var. Includes hauling, yardage, commission, etc. Larger negative margins give less value for a pound of gain. The value received per hundredweight of gain on steers taken from 450 lbs. A feeder bought in the spring and sold in the fall would be bought during the higher priced months and sold in the lower priced months.