Iowa State University Yearling to Finish Crush Margin
	The Crush Margin is the return remaining after accounting for the feeder steer and corn that is used to cover the other more constant expenses.  The Crush Margin is based on the following assumptions.
	Live weight		1250	pounds
	Feeder weight		750	pounds
	Corn		50	bushels per steer
	The table below uses average cash prices of placement week for feeder cattle and corn.  It uses basis adjusted live cattle, feeder cattle, and corn futures for cattle not yet placed.  Red values are known.
	Based on closing futures prices for				May 5, 2021
			Basis Adjusted Price for:
	Placement Month	Selling      Month	Feeder Cattle	Live Cattle	Corn	Crush Margin
	Dec-20	May-21	141.77	119.12	4.04	223.95
	Jan-21	Jun-21	143.86	120.32	4.76	187.08
	Feb-21	Jul-21	140.71	120.84	5.28	191.14
	Mar-21	Aug-21	142.81	120.67	5.16	179.17
	Apr-21	Sep-21	149.31	122.78	5.46	141.81
	May-21	Oct-21	138.35	121.87	7.19	126.31
	Jun-21	Nov-21	150.08	124.43	6.72	93.74
	Jul-21	Dec-21	149.07	125.20	6.80	106.98
	Aug-21	Jan-22	153.02	130.06	6.02	176.94
	Sep-21	Feb-22	155.04	129.84	6.08	156.23
	Oct-21	Mar-22	154.87	137.30	5.74	267.96
	Nov-21	Apr-22	152.46	138.50	5.74	300.61
	Dec-21	May-22	153.06	138.53	5.80	293.88
	Jan-22	Jun-22	154.64	132.87	5.72	214.81
	Feb-22	Jul-22	157.44	129.24	5.77	146.03
	Mar-22	Aug-22	161.67	129.07	5.79	111.19
	Apr-22	Sep-22	162.15	127.55	5.71	92.75