South Dakota Retained Ownership Demonstration

Three hundred forty-five steer calves representing 53 cow-calf producers were consigned to a custom feedlot in late October. Cattle were fed in one of two pens. One pen of calves received a moderate roughage growing diet for 39 days and then were switched to a high energy finishing diet (ACC). The other pen of calves received a moderate roughage growing diet for 109 days and then were switched to a high energy finishing diet (TWO). The ACC calves weighed 574 lb initially, gained 2.94 Ib per head daily and were slaughtered at 1147 Ib after an average of 196 days on feed. Average cost of gain and profitability were $52.31 per cwt and $38.75 per head, respectively. The TWO calves weighed 504 Ib initially, gained 2.77 Ib per head daily and were slaughtered at 1096 Ib after an average of 214 days on feed. Average cost of gain and profitability were $52.72 per cwt and $16.69 per head, respectively. Cattle slaughtered later in the spring were less profitable than cattle slaughtered earlier in the spring due to a weaker cattle market and wider choice-select price spread. Across either feeding program, average profits for cattle slaughtered after 170, 192, 199, 200 and 242 days on feed were $50.03, $64.42, $28.69, $27.39 and -$16.78 per head, respectively