Exam B Review 2011C

Exam B Review 2011C - ANSC 437 EXAM B REVIEW: ...

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Unformatted text preview: ANSC 437 EXAM B REVIEW: FALL 2011 The Export Markets for U.S. Meat Products Know how the export situations of the United States and Australia differ Know the five “G’s” of marketing U.S. Beef Know the definition of a metric ton Know the factors that can influence the export market Know the leading export markets from the beef and pork exports handout Texas Beef Council Know what increases and decreases demand for beef products Know how the Beef Checkoff helps beef marketing Know how the Beef Checkoff is collected and how much Bill Mies Lectures Know how the livestock market operates Know the difference between vertical integration and vertical cooperation Know the definition of float, futures contracts and breakeven Know the methods of paying for cattle Know how to work a feedlot breakeven USDA Certified Beef Programs Know about certification programs and process verified programs Know about Never Ever 3 Know about live breed claims and brand name programs Beef Cut- out Exercise Know what drives the value of beef carcasses Know the relative proportions of the most valuable and least valuable portions of a beef carcass VAC 45 Know the purpose of a VAC program Feedlot Breakeven (2 points each) Use the information below to work the feedlot breakeven. Show all work for full credit. Ton refers to U.S. tons (i.e. 2000 lbs). Round all dollar amounts to the nearest cent. Calf Starting Weight 700 pounds Calf Final Weight 1050 pounds Average Daily Gain 3.5 pounds/day Interest Rate 6.5% Feed Cost $179.00 per ton Feed Efficiency 6.5 pounds of feed per pound of gain Purchase Price of Calf Including Freight $99.70/cwt Death Loss 1.0% Medicine Cost $12.00 per head Processing Cost $13.00 per head Cost of Calf $ Pounds of Gain Feed Cost Medicine Cost Processing Cost Interest on Calf $ $ Interest on Feed $ $ $ Death Loss $ + $ Breakeven $ + + $ X ⎯ྎ lbs lbs X lbs of feed per lb of gain / lbs per ton X $ per ton lbs of gain days on feed % of the year X X / Total Feed Cost $ lbs lbs of gain lbs of feed tons of feed / lbs per day (365 days in a year) X $ per year / X X + / $ 38. 39. 40. % (amount loaned by banker) % + + 36. 37. $ % % (of the year) $ + $ (head left with 1% death loss) $ + $ + $ 41. 42. 43. 44. $ 45. $ /CWT Feedlot Breakeven (2 points each) Use the information below to work the feedlot breakeven. Show all work for full credit. Ton refers to U.S. tons (i.e. 2000 lbs). Round all dollar amounts to the nearest cent. Calf Starting Weight 550 pounds Calf Final Weight 1200 pounds Average Daily Gain 3.5 pounds/day Interest Rate 7.0% Feed Cost $143.00 per ton Feed Efficiency 6.0 pounds of feed per pound of gain Purchase Price of Calf Including Freight $92.20/cwt Death Loss 1.0% Medicine Cost $10.00 per head Processing Cost $10.00 per head Cost of Calf $ Pounds of Gain Feed Cost Medicine Cost Processing Cost Interest on Calf $ $ Interest on Feed $ $ $ Death Loss $ + $ Breakeven $ + + $ X ⎯ྎ lbs lbs X lbs of feed per lb of gain / lbs per ton X $ per ton lbs of gain days on feed % of the year X X / Total Feed Cost $ lbs lbs of gain lbs of feed tons of feed / lbs per day (365 days in a year) X $ per year / X X + / $ 38. 39. 40. % (amount loaned by banker) % + + 36. 37. $ % % (of the year) $ + $ (head left with 1% death loss) $ + $ + $ 41. 42. 43. 44. $ 45. $ /CWT Feedlot Breakeven (2 points each) Use the information below to work the feedlot breakeven. Show all work for full credit. Ton refers to U.S. tons (i.e. 2000 lbs). Round all dollar amounts to the nearest cent. Calf Starting Weight 650 pounds Calf Final Weight 1250 pounds Average Daily Gain 3.0 pounds/day Interest Rate 6.0% Feed Cost $159.00 per ton Feed Efficiency 6.0 pounds of feed per pound of gain Purchase Price of Calf Including Freight $97.30/cwt Death Loss 1.0% Medicine Cost $11.00 per head Processing Cost $9.00 per head Cost of Calf $ Pounds of Gain Feed Cost Medicine Cost Processing Cost Interest on Calf $ $ Interest on Feed $ $ $ Death Loss $ + $ Breakeven $ + + $ X ⎯ྎ lbs lbs X lbs of feed per lb of gain / lbs per ton X $ per ton lbs of gain days on feed % of the year X X / Total Feed Cost $ lbs lbs of gain lbs of feed tons of feed / lbs per day (365 days in a year) X $ per year / X X + / $ 38. 39. 40. % (amount loaned by banker) % + + 36. 37. $ % % (of the year) $ + $ (head left with 1% death loss) $ + $ + $ 41. 42. 43. 44. $ 45. $ /CWT ...
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This note was uploaded on 11/27/2011 for the course GOEG 202 taught by Professor Goel during the Fall '11 term at Texas A&M.

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