Beef backgrounding planning budget

Abstract

Using this planning budget, beef backgrounders may estimate their costs and returns for 2024. Table 1 presents estimates for steer calves purchased and backgrounded in Missouri. Assumptions were based on price forecasts as of September 2023. Detailed inputs, feed requirements and machinery investments are summarized in Tables 2, 3, 4 and 5. The production practices used to develop these cost estimates are common in Missouri beef farms. Use the “Your estimate” column to plan your operation’s costs and returns for 2024.