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2013 Beef Empire Days Feeder Cattle Challenge set Dec. 8


Due to the overwhelming success of the first Feeder Cattle Challenge, Beef Empire Days is proud to offer a 2nd annual Feeder Cattle Challenge. The rules have been slightly modified to ensure the competitiveness of the "Challenge." This year's Challenge will consist of a pen of 10 jackpot cattle with net profitability deciding the winner. A local order buyer will procure approximately 140 steers with a weight range of 700 to 750 pounds. The steers will be delivered to Brookover Feedyard the week of Dec. 2. The final head count will be based on the number of teams participating in the Challenge. The FCC auction and social dinner will be held on Dec. 8 at the Hampton Inn in Garden City, Kan. The social will begin immediately following the viewing and dinner will be served at 6 p.m.

There will be a jackpot cost of $3,000 per pen paid before or on Dec. 8. Once the jackpot cost is paid this gives you the right to purchase 10 head of cattle at the FCC auction. The cattle will be available to preview at Brookover Feedyard-Sandhills Pens from 2:30 to 4:30 p.m., Dec. 8. The group's average weight and cost along with individual weights will be made available at that time. The cattle will be auctioned off 1 head at a time in dollars per hundred for the FCC participants to begin acquiring their pens of 10 head. Your ability to select cattle will determine your success in the Challenge. From this time forward you will retain ownership of the pen of 10.

In addition to the jackpot cost of $3,000, each team will be required to pay an additional $3,000 for equity. Commerce Bank in Garden City has agreed to finance the cattle.

All associated feeding costs of the pen will be pulled from the final payment check. Feeding costs will be calculated on an individual animal basis using the same Net Energy Gain Equation used for last year's Challenge.

All health issues will be billed on an individual animal basis.

In the event that the total costs of the cattle are not met from the auction proceeds each individual pen of 10 will be billed an average amount to cover the cost of the cattle. If the auction proceeds are greater than the cost of the cattle, the overage will be added to the jackpot.

The FCC cattle will be harvested the first half of May 2013 at National Beef using the USPB grid. The cattle will be fed for approximately 150 to 165 days. The contest will begin on the day of the auction and end on the harvest date. (Please note...The BED Index will NOT be used in the placing of the cattle). All pens will be placed on the net profit per pen. In the event of a tie proceeds from the jackpot will be split evenly between the two pens.

PAYOUT

Contest winners will be paid in the following format:

Total pens entered 25 or less:

1st place- 50% of the jackpot money

2nd place- 20%

3rd place - 15%

4th place - 10%

5th place - 5%

Total pens entered 26 or more:

1st place - 45% of the jackpot money

2nd place - 17%

3rd place - 12%

4th place - 10%

5th place - 8%

6th place - 5%

7th place - 3%

The Inaugural 2012 Feeder Cattle Challenge payout was over $35,000. Please note 10 percent of total jackpot entry fees will be retained by BED Inc., for coordinating the FCC. The monies will be utilized for the promotion of the Beef industry and further educational programs.

"The Peoples' Choice" auction is the same format as last year. The cattle from the Feeders Cattle Challenge will be used for the auction. This contest will be vying for a second jackpot of auction proceeds. The Peoples Choice auction will be announced at a later date (March). It will continue to be a single head contest. Each head will be auctioned off with the midterm weights and current daily gain. This contest will continue to use two placing methods, the BED index and average daily gain.

Please note 10 percent of total People's Choice auction proceeds will be retained by BED Inc., for coordinating the PC auction. The monies will be utilized for the promotion of the Beef industry and further educational programs.

Contest winners will be paid in the following format:

Overall Champion 15%

Reserve Champion 5%

1st - 10th place paid on each category

BED Index placing

Average Daily Gain

1st Place 8%

2nd Place 6%

3rd Place 5%

4th Place 4.5%

5th Place 4%

6th Place 3.5%

7th Place 3%

8th Place 2.5%

9th Place 2%

10th Place 1.5%

Awards for both the Feeder Cattle Challenge and the Peoples Choice will be announced at the Awards banquet June 8, 2013.

If you have any questions, please contact Deann Gillen at the BED office, John Wiese at 620-290-4550 or Bob Sato at 620-649-7502. For more information about Beef Empire days call 620-275-6807; email beefempiredays@gcnet.com; and visit www.beefempiredays.com.

Date: 12/03/2012



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