You can't really pencil it out, because nobody knows what cattle prices will be in the fall. About the best you can do is prognosticate what the price will be, and what your haying expenses will be. I think generally if price stays the same, you'd be better off to graze the cattle and sell in the fall- lots less work, and virtually no variable costs.
Bought some hay from a guy one time, and he mentioned that this was his first year making hay, he had previously bought feeder cattle in the spring, grazed them, and sold in the fall. But last year, he only made 10 bucks. I asked, "Ten bucks a head?" "No, ten bucks. Period." I always try to see the bright side of situations, so I said, "Well, at least you had the use of the cattle." He didn't seem amused.
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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