Slaughter Steer Close-Out
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For the week ending December 19th...

.Typical closeout for un-hedged steers sold this week...
  • Placed On Feed 150 days ago = July 22nd
  • Projected Profit/(Loss) based on the futures & estimated Cost of Gain when Placed on Feed: ($63.85)
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Cost of 750 lb. steer delivered to the feedyard @ $217.88 per cwt. 
$1,634.10
Cost of gain* for 600 lbs. @ $84.12 per cwt.
$504.72
Interest @ Prime + 1% on cattle cost for 150 days
$28.54
Interest @ Prime + 1% of the feed cost for 150 days
$4.41
Total Cost & Expense
$2,171.77
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Sale proceeds... 1,350 lb. steer @ $158.00 per cwt.
$2,133.00
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This week's Profit/(Loss) per head...
($38.77)
.
Profit/(Loss) per head for previous week...
$62.34
Change from previous week...
-$101.11
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Sale price necessary to breakeven...
$160.87
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.Projected closeout for steers placed on feed this week...
  • Projected Sale Date @ 150 days on feed = May 18th
  • Cost of 750 lb. steer delivered to the feedyard @ $221.58 per cwt.
    $1,661.85
    Cost of gain* for 600 lbs. @ $86.64 per cwt.
    $519.84
    Interest @ Prime + 1% on cattle cost for 150 days
    $29.03
    Interest @ Prime + 1% of the feed cost for 150 days
    $4.54
    Total Cost & Expense
    $2,215.26
    .
    Sale proceeds... June Live Cattle Futures @ $152.50 per cwt.
    $2,058.75
    .
    Projected Profit/(Loss) per head...
    ($156.51)
    . .
    Projected Profit/(Loss) per head for previous week...
    ($215.65)
    Change from previous week...
    +$59.14
    .
    Sale price necessary to breakeven...
    $164.09
    .

    *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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