Slaughter Steer Close-Out
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For the week ending May 29th...

.Typical closeout for un-hedged steers sold this week...
  • Placed On Feed 150 days ago = December 30th
  • Projected Profit/(Loss) based on the futures & estimated Cost of Gain: ($120.13)
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Cost of 750 lb. steer delivered to the feedyard @ $227.68 per cwt. 
$1,707.60
Cost of gain* for 600 lbs. @ $85.94 per cwt.
$515.64
Interest** @ Prime + 1% on cattle cost for 150 days
$29.82
Interest** @ Prime + 1% of the feed cost for 150 days
$4.50
Total Cost & Expense
$2,257.57
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Sale proceeds... 1,350 lb. steer @ $160.00 per cwt.
$2,160.00
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This week's Profit/(Loss) per head...
($97.57)
.
Profit/(Loss) per head for previous week...
($118.33)
Change from previous week...
+$20.76
.
Sale price necessary to breakeven...
$167.23
.

.
.Projected closeout for steers placed on feed this week...
  • Projected Sale Date @ 150 days on feed = October 26th
  • .
    Cost of 750 lb. steer delivered to the feedyard @ $222.10 per cwt.
    $1,665.75
    Cost of gain* for 600 lbs. @ $81.07 per cwt.
    $486.42
    Interest** @ Prime + 1% on cattle cost for 150 days
    $29.09
    Interest** @ Prime + 1% of the feed cost for 150 days
    $4.25
    Total Cost & Expense
    $2,185.51
    .
    Sale proceeds... October Live Cattle Futures @ $152.92 per cwt.
    $2,064.42
    .
    Projected Profit/(Loss) per head...
    ($121.09)
    . .
    Projected Profit/(Loss) per head for previous week...
    ($114.62)
    Change from previous week...
    -($6.47)
    .
    Sale price necessary to breakeven...
    $161.89
    .

    *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
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    Feedyard Close-Outs for the weeks ending...
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