Slaughter Steer Close-Out
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For the week ending October 24th...

.Typical closeout for un-hedged steers sold this week...
  • Placed On Feed 150 days ago = May 27th
  • Projected Profit/(Loss) based on the futures & estimated Cost of Gain when Placed on Feed: ($146.31)
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Cost of 750 lb. steer delivered to the feedyard @ $192.06 per cwt. 
$1,440.45
Cost of gain* for 600 lbs. @ $86.14 per cwt.
$516.84
Interest @ Prime + 1% on cattle cost for 150 days
$25.16
Interest @ Prime + 1% of the feed cost for 150 days
$4.51
Total Cost & Expense
$1,986.96
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Sale proceeds... 1,350 lb. steer @ $170.00 per cwt.
Price is based on extremely light trade for the week
$2,295.00
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This week's Profit/(Loss) per head...
$308.04
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Profit/(Loss) per head for previous week...
$247.36
Change from previous week...
+$60.68
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Sale price necessary to breakeven...
$158.96
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.Projected closeout for steers placed on feed this week...
  • Projected Sale Date @ 150 days on feed = March 23rd
  • Cost of 750 lb. steer delivered to the feedyard @ $239.15 per cwt.
    $1,793.63
    Cost of gain* for 600 lbs. @ $77.58 per cwt.
    $465.48
    Interest @ Prime + 1% on cattle cost for 150 days
    $31.33
    Interest @ Prime + 1% of the feed cost for 150 days
    $4.06
    Total Cost & Expense
    $2,294.50
    .
    Sale proceeds... AprilLive Cattle Futures @ $164.77 per cwt.
    $2,224.40
    .
    Projected Profit/(Loss) per head...
    ($70.10)
    . .
    Projected Profit/(Loss) per head for previous week...
    ($108.79)
    Change from previous week...
    +$38.69
    .
    Sale price necessary to breakeven...
    $169.96
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    *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

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    • 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...
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