@conference {40728,
	title = {Brief Communication - The cost of producing feedlot beef in New Zealand},
	booktitle = {Proceedings of the New Zealand Society of Animal Production},
	volume = {55},
	year = {1995},
	month = {Jan},
	pages = {255-256},
	publisher = {New Zealand Society of Animal Production},
	organization = {New Zealand Society of Animal Production},
	abstract = {In recent years there has been considerable interest in feedlotting as a  means of producing beef carcasses with more desirable characteristics (eg.  improved fat colour, marbling). This paper outlines the cost of feeding  heavyweight cattle on a feedlot ration and the likely premiums required to  meet this additional cost.   In three experiments Angus steer were fed 70\% grain diets ad libitum  for at least 14 weeks. In experiments 1, 2 and 3, respectively, steers grew  from 621 to 761 kg, 574 to 674 kg and 563 to 657 kg, over 70, 68 and 71 day  period, respectively. Feed intakes averaged 15.2 kg of dry matter per day  and were 2.2\% of bodyweight. Average liveweight gain was 1.60 kg/day and  average feed conversion efficiency was 9.5 kg feed per 1 kg of liveweight  gain. Based on typical New Zealand feed costs, the average daily feed cost  was $3.44 per head and the premium required to recoup the feed cost alone  would need to be $1.18 per kg of total carcass weight. Approximately $1.48  per kg would be required to cover all costs.  },
	issn = {1176-5283},
	author = {Muir PD and Smith NB and Wallace GJ}
}
