Cattle prices have responded to lower cattle inventory. If you are keeping up with cattle production news media, nearly every week, someone declares how much feeder calf prices have increased since last year. Sales of 500- to 600-cwt feeder calves are getting close to $300/cwt. Expecting a gross revenue of $1,600 or more for feeder steer calves this fall is not out of the question. Yet, with increasing costs of maintaining a cow, some cow-calf producers may wonder: to increase revenue in 2023, is it worth it to retain calves for feeding during a backgrounding o