In my neck of the woods I figure, on the average, 6 1100# round bales per cow and calf for roughly 120 days. I usually have ryegrass pasture for all but the coldest part of winter. All things considered I have about $40 in each bale. This year I may get by with feeding only 90 days if the snow holds off. The last time I put a pencil to it, I had about $600+ on a 600# calf. I read an article a few days ago the estimated it was $981 per calf. I guess I'm making a little, I ain't rich but I ain't broke either. Cattle ranchers learn early not to count on too many good years.
To answer your question, There are some years when you put more into them than they are worth. That goes with just about any part of farming. But you have to take the bad with the good, plan for the worst and hope for the best. You can't sell out every time the profit looks low, it takes too long to build back up.
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