Two points
Point one is that everyone figures break-even differently.  If you figure only variable input costs (feed, vet, death etc) and market just to cover this cost, you will surely go broke over time.  As an example when you put up a new building you don't include any of your time into the cost of the building, and when you figure break-even on your cattle you don't figure your time - Who, what pays your living expenses?
Point two is that the use of options is completely different than owning cattle.  As you illustrate you will make or loose on investing in options on my cattle.  It isn't about protecting your investment, options don't protect anything, options are just a way to speculate on the market.  Your profit is the same if you own cattle or not.
BTW today your calls are worth $250 more than what you paid for them (minus any brokerage fees).  Are you going to split any of your new found wealth with me?