A survey of feedlot farms in Egypt shows important variations in operational characteristics, costs, and returns among regions, different sizes of operation, and management systems. Overall, the degree of feedlot utilization was low, less than 70 percent of capacity. Weight gain per day for local breed was lower than for foreign and crossbreeds (1 to 15 percent). Budget analysis showed that the return to average producers covers variable costs and leaves a margin to fixed factors and management, especially for private feedlots. Differences in farm management decisions, on types and weights of animals entering and leaving feedlots, and types of feed ration had a significant effect on costs and returns to farmers.