Registration is open from July 15, 2019 - August 15, 2019
Program Duration: August 15 - February 17, 2020
Event Location: Online (Custom feeding at Winner Circle Feedyard)
CONTACT US AT (605) 354-4641 or at firstname.lastname@example.org
Provide an opportunity for youth (ages 14 through 18 as of January 1, 2019) to learn about the science and economics of finishing cattle by participating in a calf finishing program.
There are four parts to the program:
1. Understand the process for finishing cattle through ownership of cattle at a custom feedlot
2. Receive and review 12 topics through videos and short quizzes
3. Calculate a closeout
Participants must be between the age of 14 to 18 as of January 1, 2019. Participants must be residents of South Dakota.
If you have previously participated in the Fed Cattle Challenge, and you’re still eligible based on age and residency, you’re welcome to participate again. Participants that have previously participated and received one of the top three awards are NOT eligible to receive one of the top placings again.
Winner Circle Feedyard will purchase, house, feed and vaccinate the participant's cattle through harvest. The participant is required to purchase three cattle for this project. Each participant will receive an invoice for 30% of the purchase cost of the three cattle for this project.
Cattle Costs & Proceeds:
Winner Circle Feedyard will finance the remaining value of the cattle as well as the feed, yardage, hedging and veterinary/medical costs. Each billing period, the feedyard will be paying the costs until the cattle are sold.
*Proceeds from the cattle will be divided among the owners of the cattle and the number of cattle they own in this project, minus the divided costs. Carcass proceeds -- (calf purchase price + costs) = Participants revenue
Estimated costs include:
Estimated 30% equity of the purchase price for 800 pound heifer at $1.40/lbs = $336 * 3 = $1,008. Please understand that the estimate cost could range from $1,000-$1,400.
Winner Circle Feedyard projects to have cattle harvested by February 1, 2020. This will allow participants the necessary time to complete a closeout prior to the presentations on February 17, 2020.
Participants will receive videos on 12 topics related to feeding cattle. The topics will cover a curriculum that will chronologically detail the process of starting and finishing cattle and will be developed by industry experts.
Participants will use the information from the invoices that they received from the feedyard during the time that the cattle are on feed, the purchase weight and cost, and the carcass weight and value of the pen of cattle to calculate a closeout. Instructions and calculations for the closeout will be provided to the participants.
After the project is complete and the cattle have been harvested, participants are asked to present to a panel of judges. Participants will be given a topic to prompt the presentation.
Scoring 100 total points:
15 points for Quiz Scores
25 points for accuracy calculating financial closeout
60 presentation of participants knowledge and understanding
Awards for the top three participants will be awarded after presentations:
First place $1,500
Second place $1,000
Third place $500
Participants will receive curriculum in the form of 5-10 minute videos, with written supporting material on a bi-weekly basis. They're asked to watch the video, and take a short 5-10 question online quiz at their convenience. The presentation is the only time the participants are required to meet in-person.
After registration closes on August 15, Winner Circle Feedyard will purchase a pen of cattle for the program. We'd like to allow one month for the feedyard to purchase the pen and send invoices. Participant will begin receiving curriculum via email on Monday, September 16.
Fed Cattle Challenge Tentative Schedule:
July 15 registration is open until August 15
Monday, September 16: Cattle Introduction, Payment, Invoices Video
Monday, September 30: Hedging & Option Strategies Video
Monday, October 7: Starting Nutrition for Calves Video
(Tentative) Saturday, October 19, or October 12: Feedlot Tour (Optional)
Monday, October 21: Preventative Healthcare Video
Monday, November 4: Feed Ration Breakdown Video
Monday, November 18: Beta-Agonists Video
Monday, December 2: Finishing Ration & Bunk Management Video
Monday, December 16: Implants Video
Monday, January 6: Live and Dead Carcass Evaluation Video
Monday, January 20: Cost of Gain & Breakevens Video
Monday, February 3: Closeout Explanation Video
Monday, February 17 (Presidents day): Final Presentations, Huron, South Dakota