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From Table 1 you can see that the lowest price per pound was reported for the 700-pound feeder steers, at $1.23 per pound. Alternatively, when feeder steer prices are expressed as dollars per head, the 300-pound feeder steer value was the lowest at $501 per head. The highest value was $861 per head for the 700-pound feeder steer.
Feeding cost of gain since January of this year has ranged from a high of $89.29 in February to a low of $82.96 in August. Primarily due to low corn prices, feeding cost of gain for the fourth quarter of 2015 and the first quarter of 2016 is expected to range from $75 to $80 per cwt. Feeding cost of gain is sensitive to changes in feed conversions, corn prices, and alfalfa prices.