Slaughter Steer Close-Out
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For the week ending January 16th...

.Typical closeout for un-hedged steers sold this week...
  • Placed On Feed 150 days ago = August 19th
  • Projected Profit/(Loss) based on the futures & estimated Cost of Gain when Placed on Feed: ($83.73)
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Cost of 750 lb. steer delivered to the feedyard @ $220.15 per cwt. 
$1,651.13
Cost of gain* for 600 lbs. @ $86.58 per cwt.
$519.48
Interest @ Prime + 1% on cattle cost for 150 days
$28.84
Interest @ Prime + 1% of the feed cost for 150 days
$4.54
Total Cost & Expense
$2,203.50
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Sale proceeds... 1,350 lb. steer @ $165.00 per cwt.
$2,227.50
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This week's Profit/(Loss) per head...
$23.52
.
Profit/(Loss) per head for previous week...
$73.55
Change from previous week...
($50.03)
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Sale price necessary to breakeven...
$163.26
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.Projected closeout for steers placed on feed this week...
  • Projected Sale Date @ 150 days on feed = June 15th
  • Cost of 750 lb. steer delivered to the feedyard @ $225.11 per cwt.
    $1,688.33
    Cost of gain* for 600 lbs. @ $80.44 per cwt.
    $482.64
    Interest @ Prime + 1% on cattle cost for 150 days
    $29.49
    Interest @ Prime + 1% of the feed cost for 150 days
    $4.21
    Total Cost & Expense
    $2,204.67
    .
    Sale proceeds... June Live Cattle Futures @ $146.47 per cwt.
    $1,977.35
    .
    Projected Profit/(Loss) per head...
    ($227.32)
    . .
    Projected Profit/(Loss) per head for previous week...
    ($161.36)
    Change from previous week...
    -$65.96
    .
    Sale price necessary to breakeven...
    $163.31
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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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