Buy-Sell.

xls -- Excel spreadsheet for calculating breakev

Version 3.15.12

A spreadsheet program to calculate the maximum price that can be paid for feede
expected selling price and cost of gain. Additionally, this program also calculates
needed given a purchase price and an estimated cost of gain.
INPUTS vs CALCULATED VALUES

In the Sell and Buy sheets all blue numbers are inputs and all black numbers are calculated
spreadsheet automatically recalculates every time an additional input is entered. Thus, it is
have been entered and reviewed before interpreting any of the calculated results (i.e., black
Developed by:

Kevin C. Dhuyvetter
Extension Agricultural Economist
Kansas State University
voice: (785) 532-3527
FAX: (785) 532-6925
email: kcd@ksu.edu
website: www.AgManager.info

Links to supporting materials:

www.BeefBasis.com
www.agmanager.info/livestock/marketing/
Copyright 2012 by Dhuyvetter. All rights reserved.

calculating breakeven cattle prices

hat can be paid for feeders or calves given an

s program also calculates the breakeven selling price
gain.

lack numbers are calculated from these inputs. The

input is entered. Thus, it is important to wait until all data
calculated results (i.e., black numbers).

conomist

Breakeven Selling Price Worksheet

(Blue values in shaded cells are inputs to be entered)

Purchase weight (lbs)

Purchase price ($/cwt)
Purchase date (mm/dd/yy)
Average Daily Gain (pay-to-pay)
Feeding cost of gain ($/cwt)
Interest rate on feeder and feeding cost of gain
Percent death loss*
Costs per head (trucking, vaccines, backgrounding, etc.)**
Desired profit per head

475
$185.00
12/11/16
2.15
$90.00
10.00%
1.50%
$20.00
$0.00

Increments to use in tables below

Selling Weight (lbs)
Purchase Price ($/cwt)
Feeding Cost of Gain ($/cwt)

50.0
$3.00
$5.00

* Enter ONLY if death loss is NOT included in feeding cost of gain, otherwise enter zero.
** Do not enter any costs included in feeding cost of gain.

Selling
Weight1
600
650
700
750
800
850
900

Expected
sale date
02/07/17
03/02/17
03/26/17
04/18/17
05/11/17
06/03/17
06/27/17

Relevant
futures
price
$159.03
$160.58
$160.58
$160.58
$160.58
$160.75
$161.10

Expected
Expected
basis*
cash price
$11.60
$170.63
$5.50
$166.08
$1.15
$161.73
($1.20)
$159.38
($3.20)
$157.38
($4.95)
$155.80
($5.25)
$155.85

$176.00

$179.00

164.93
160.13
156.07
152.58
149.56
146.94
144.64

167.37
162.41
158.19
154.58
151.45
148.72
146.33

Purchase Price ($/cwt)

$182.00
$185.00
$188.00
Breakeven Selling Price ($/cwt)2

169.82
164.68
160.32
156.57
153.33
150.51
148.02

172.27
166.96
162.44
158.57
155.21
152.29
149.72

174.72
169.23
164.57
160.57
157.10
154.07
151.41

$191.00

$194.00

Days

Gain

177.17
171.51
166.70
162.56
158.98
155.86
153.11

179.62
173.78
168.82
164.56
160.86
157.64
154.80

58.1
81.4
104.7
127.9
151.2
174.4
197.7

125
175
225
275
325
375
425

$100.00

$105.00

Days

Gain

174.25
169.57
165.60
162.20
159.27
156.72
154.49

175.24
170.87
167.18
164.02
161.30
158.93
156.87

58.1
81.4
104.7
127.9
151.2
174.4
197.7

125
175
225
275
325
375
425

Selling
Weight
591
640
690
739
788
837
887

Adj.
Gain
116
165
215
264
313
362
412

1 Enter the minimum selling (pay) weight you want to consider.

2 Based on a feeding cost of gain of $90/cwt.

Selling
Weight
600
650
700
750
800
850
900

Expected
sale date
02/07/17
03/02/17
03/26/17
04/18/17
05/11/17
06/03/17
06/27/17

Relevant
futures
price
$159.03
$160.58
$160.58
$160.58
$160.58
$160.75
$161.10

Expected
Expected
basis
cash price
$11.60
$170.63
$5.50
$166.08
$1.15
$161.73
($1.20)
$159.38
($3.20)
$157.38
($4.95)
$155.80
($5.25)
$155.85

$75.00

$80.00

169.31
163.04
157.71
153.12
149.13
145.64
142.57

170.30
164.35
159.29
154.94
151.16
147.86
144.95

Feeding Cost of Gain ($/cwt)

$85.00
$90.00
$95.00
Breakeven Selling Price ($/cwt)1

171.28
165.65
160.87
156.75
153.19
150.07
147.34

172.27
166.96
162.44
158.57
155.21
152.29
149.72

173.26
168.26
164.02
160.39
157.24
154.50
152.10

Adj.
Selling
Weight
591
640
690
739
788
837
887

Adj.
Gain
116
165
215
264
313
362
412

1 Based on a purchase price of $185/cwt.

Breakeven Selling Price is below Expected cash price (expect positive returns)

Footnotes for "Buy" sheet because they will not work in that sheet for some reason

Breakeven Selling Price is above Expected cash price (expect negative returns)

Based on a feeding cost of gain of $90/cwt.

Based on a selling price of $126/cwt.

Buy-Sell.xls
Developed by Kevin C. Dhuyvetter
Agricultural Economist, Kansas State University

Breakeven Selling Price

175.00
170.00

$/Cwt.

165.00
160.00
155.00
150.00
145.00
140.00
135.00
600

650

700

750

Selling Weight

800

850

900

Breakeven Buying Price Worksheet

(Blue values in shaded cells are inputs to be entered)

Selling weight after shrink (pay-weight)

Expected selling price ($/cwt)
Purchase date (mm/dd/yy)
Average Daily Gain (pay-to-pay)
Feeding cost of gain ($/cwt)
Interest rate on feeder
Percent death loss*
Costs per head (trucking, vaccines, backgrounding, etc.)**
Desired profit per head

1,250
$126.00
12/11/16
3.50
$90.00
6.00%
1.50%
$20.00
$0.00

Increments to use in tables below

Purchase Weight (lbs)
Selling Price ($/cwt)
Feeding Cost of Gain ($/cwt)

50.0
$2.00
$3.00

* Enter ONLY if death loss is NOT included in feeding cost of gain, otherwise enter zero.
** Do not enter any costs included in feeding cost of gain.

Purchase Expected
Weight1
sale date
750
05/03/17
700 05/17/17
650 05/31/17
600 06/15/17
550 06/29/17
500 07/13/17
450 07/28/17

Relevant
futures
price
$127.00
$127.00
$132.10
$132.10
$132.10
$132.10
$133.60

Expected Expected
basis*
cash price
($1.25)
$125.75
($0.75)
$126.25
($2.25)
$129.85
($2.00)
$130.10
($0.75)
$131.35
($0.50)
$131.60
$0.00
$133.60

$120.00

$122.00

132.76
135.49
138.67
142.39
146.80
152.13
158.66

135.96
138.92
142.35
146.37
151.14
156.89
163.93

Selling Price ($/cwt)

$124.00
$126.00
$128.00
Breakeven Purchase Price ($/cwt)2
139.17
142.38
145.59
142.35
145.78
149.21
146.03
149.72
153.40
150.35
154.33
158.32
155.47
159.81
164.14
161.64
166.40
171.16
169.21
174.48
179.75

$130.00

$132.00

148.80
152.64
157.09
162.30
168.48
175.91
185.03

152.00
156.07
160.77
166.28
172.81
180.67
190.30

$96.00

$99.00

138.57
141.28
144.43
148.11
152.49
157.77
164.25

136.67
139.04
141.78
145.01
148.84
153.46
159.14

1 Enter the minimum purchase weight you are willing to consider.

2 Based on a feeding cost of gain of $90/cwt.

Purchase Expected
Weight
sale date
750
05/03/17
700 05/17/17
650 05/31/17
600 06/15/17
550 06/29/17
500 07/13/17
450 07/28/17

Relevant
futures
price
$127.00
$127.00
$132.10
$132.10
$132.10
$132.10
$133.60

Expected Expected
basis
cash price
($1.25)
$125.75
($0.75)
$126.25
($2.25)
$129.85
($2.00)
$130.10
($0.75)
$131.35
($0.50)
$131.60
$0.00
$133.60

$81.00

$84.00

148.09
152.52
157.66
163.66
170.78
179.34
189.82

146.19
150.28
155.01
160.55
167.12
175.03
184.71

Feeding Cost of Gain ($/cwt)

$87.00
$90.00
$93.00
Breakeven Purchase Price ($/cwt)1
144.28
142.38
140.48
148.03
145.78
143.53
152.36
149.72
147.07
157.44
154.33
151.22
163.47
159.81
156.15
170.71
166.40
162.09
179.59
174.48
169.37

1 Based on a selling price of $126/cwt.

Buy-Sell.xls
Developed by Kevin C. Dhuyvetter
Agricultural Economist, Kansas State University

Breakeven Purchase Price

200.00
180.00

$/Cwt.

160.00
140.00
120.00
100.00
80.00
60.00
40.00
20.00
0.00
750

700

650

600

Purchase Weight

550

500

450