The document discusses understanding feed analysis for cattle feeds. It explains that feed costs are a major operating expense for cattle operations, so feeds need to be analyzed and used to formulate rations. Feed nutrient contents can vary significantly depending on location, harvest time, year, and other factors. The document outlines the key nutrients reported in a feed analysis, including moisture, protein, fiber, energy, minerals, and vitamins. It provides definitions and explanations for interpreting the results of a feed analysis report.