After traveling to many different arenas and a period of time on grass,
most of ARC’s steers are in the San Angelo Feedyard, which is
located near San Angelo, Texas. They have many years of experience feeding
Corrientes. The Feedyard will market the cattle through Sam Kane, a
beef processor in Corpus Christi, Texas that processes many Corrientes.
Kane’s buyers pay $5 back of the current market on Corrientes
that are under 30 months of age. They reduce the price $10-12 for over-age
cattle.
The steers were shipped in July to San Angelo averaging almost 550
lbs. The feedyard is projecting our steers to feed for $1.00 per lb.
(including all cost except interest) and to be ready for market in February.
The projected weight when they finish is 1050 lbs. Using rough feedyard
math, if our cattle have to gain 500 lbs. they will cost us $500.00
while on feed. If February cattle are bringing $1.00 per lb., our less
than 30 month steers will bring $5.00 back per 100 pounds, or $.95 cents
per lb. Average weight 1050 lbs X $.95 cents per lb = $997.00 per head.
Less $500.00 for costs the projected return would be $497.00 per head.
These figures are projections, of course. When we close the steers out
in February we will have detailed performance data on each animal from
entering the arena, to the packer 13 months later. This documentation
can be a tool for ranchers who wish to cull, or strengthen their herd.
Our two biggest questions, which are the break even cost and the advantages
of using American Roping Cattle, are closer to being answered.
Feel free to contact us with questions or comments about the ARC program.