Slaughter Steer Close-Out
.
For the week ending September 12th...

.Typical closeout for un-hedged steers sold this week...
  • Placed On Feed 150 days ago = April 15th
  • Projected Profit/(Loss) based on the futures & estimated Cost of Gain when Placed on Feed: ($137.73)
.
Cost of 750 lb. steer delivered to the feedyard @ $179.06 per cwt. 
$1,342.95
Cost of gain* for 600 lbs. @ $87.20 per cwt.
$523.20
Interest @ Prime + 1% on cattle cost for 150 days
$23.46
Interest @ Prime + 1% of the feed cost for 150 days
$4.57
Total Cost & Expense
$1,894.17
.
Sale proceeds... 1,350 lb. steer @ $161.00 per cwt.
$2,173.50
.
This week's Profit/(Loss) per head...
$279.33
.
Profit/(Loss) per head for previous week...
$309.23
Change from previous week...
-$29.90
.
Sale price necessary to breakeven...
$151.53
.

.
.Projected closeout for steers placed on feed this week...
  • Projected Sale Date @ 150 days on feed = February 9th
  • Cost of 750 lb. steer delivered to the feedyard @ $225.63 per cwt.
    $1,692.23
    Cost of gain* for 600 lbs. @ $76.75 per cwt.
    $460.50
    Interest @ Prime + 1% on cattle cost for 150 days
    $29.56
    Interest @ Prime + 1% of the feed cost for 150 days
    $4.02
    Total Cost & Expense
    $2,186.30
    .
    Sale proceeds... February Live Cattle Futures @ $159.57 per cwt.
    $2,154.20
    .
    Projected Profit/(Loss) per head...
    ($32.11)
    . .
    Projected Profit/(Loss) per head for previous week...
    ($17.91)
    Change from previous week...
    -$14.20
    .
    Sale price necessary to breakeven...
    $161.95
    .

    *In addition to feed costs, "Cost of Gain" includes death loss, medicine, insurance, etc.
     **Interest Rate @ Prime + 1.00%... Prime Rate as defined and published by The Wall Street Journal

    .
    • Typical closeout for steers sold this week and hedged when placed on feed
    • Typical closeout for un-hedged steers sold this week
    • Projected Profit/(Loss) based on the futures & estimated Cost of Gain when Placed on Feed
    Feedyard Close-Outs for the weeks ending...
    .

    .
    .
     
    .
    .
    Copyright © TM - The Cattle Range - All Rights Reserved