– Check the box in green cell if use same animal performance and cost figures for all feeding period scenarios.

– In the yellow cells – enter the length of backgrounding period, target ADG (average daily gains) and projected Shrink %.

– Marketing time and weights will be calculated automatically.

– Check the box in green cell if use same cost figures for all feeding period scenarios.

– In the yellow cells, enter backgrounding costs; total backgrounding costs per head, and cost per head per day will be calculated automatically.

– The breakdown of cost per head, and cost composition for each scenario are show in the pie charts below.

– In the yellow cells, choose the month of price used from the drop-down list

– Enter prices for weight categories in the above line (this could be the latest monthly average prices known when making decision)

– Projected prices based on a 5-year (2016-20) seasonal index will be automatically calculated (blue cells), you can choose to use these projected prices or enter your own projection

– Check the box in green cell to use seasonally adjusted price as sale price

– Uncheck the box in green cell to enter your own projected sale price in the yellow cells

– For more information on price projection and livestock price insurance coverage, check out the free Canfax app CFX Pro at https://cfxproapp.canfax.ca

– Uncheck the box in green cell to enter your own projected sale price in the yellow cells

– Gross revenues at weaning, total backgrounding costs and backgrounding gross revenue are calculated in Step 2 to 4.

– Net return from backgrounding is calculated as additional revenue from backgrounding versus sell at weaning less total backgrounding cost.

– Estimated breakeven price is the price needed to breakeven on backgrounding