Slaughter Steer Close-Out
.
For the week ending August 28th...

.
.Typical closeout for un-hedged steers sold this week...
  • Placed On Feed 150 days ago = March 31st
  • Projected Profit/(Loss) based on the futures & estimated Cost of Gain: ($97.48)
.
Cost of 750 lb. steer delivered to the feedyard @ $217.44 per cwt. 
$1,630.80
Cost of gain* for 600 lbs. @ $83.56 per cwt.
501.36
Interest** @ Prime + 1% on cattle cost for 150 days
$28.48
Interest** @ Prime + 1% of the feed cost for 150 days
$4.38
Total Cost & Expense
$2,165.02
.
Sale proceeds... 1,350 lb. steer @ $144.00 per cwt.
$1,944.00
.
This week's Profit/(Loss) per head...
($221.02)
.
Profit/(Loss) per head for previous week...
($172.25)
Change from previous week...
-$48.77
.
Sale price necessary to breakeven...
$160.37
.

.
.
.Projected closeout for steers placed on feed this week...
  • Projected Sale Date @ 150 days on feed = January 25th
  • .
    Cost of 750 lb. steer delivered to the feedyard @ $206.45 per cwt.
    $1,548.38
    Cost of gain* for 600 lbs. @ $80.62 per cwt.
    $483.72
    Interest** @ Prime + 1% on cattle cost for 150 days
    $27.04
    Interest** @ Prime + 1% of the feed cost for 150 days
    $4.22
    Total Cost & Expense
    $2,063.36
    .
    Sale proceeds... February Live Cattle Futures @ $146.00 per cwt.
    $1,969.65
    .
    Projected Profit/(Loss) per head...
    ($93.71)
    . .
    Projected Profit/(Loss) per head for previous week...
    ($157.46)
    Change from previous week...
    +$63.75
    .
    Sale price necessary to breakeven...
    $152.84
    .

    *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