Slaughter Steer Close-Out
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For the week ending August 22nd...

.Typical closeout for un-hedged steers sold this week...
  • Placed On Feed 150 days ago = March 25th
  • Projected Profit/(Loss) based on the futures & estimated Cost of Gain when Placed on Feed: ($87.95)
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Cost of 750 lb. steer delivered to the feedyard @ $176.58 per cwt. 
$1,324.35
Cost of gain* for 600 lbs. @ $89.44 per cwt.
$536.64
Interest @ Prime + 1% on cattle cost for 150 days
$23.13
Interest @ Prime + 1% of the feed cost for 150 days
$4.69
Total Cost & Expense
$1,888.81
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Sale proceeds... 1,350 lb. steer @ $152.50 per cwt.
$2,058.75
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This week's Profit/(Loss) per head...
$169.94
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Profit/(Loss) per head for previous week...
$238.94
Change from previous week...
-$69.00
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Sale price necessary to breakeven...
$151.10
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.Projected closeout for steers placed on feed this week...
  • Projected Sale Date @ 150 days on feed = January 19th
  • Cost of 750 lb. steer delivered to the feedyard @ $213.64 per cwt.
    $1,602.30
    Cost of gain* for 600 lbs. @ $84.25 per cwt.
    $505.50
    Interest @ Prime + 1% on cattle cost for 150 days
    $27.99
    Interest @ Prime + 1% of the feed cost for 150 days
    $4.41
    Total Cost & Expense
    $2,140.20
    .
    Sale proceeds... February Live Cattle Futures @ $149.85 per cwt.
    $2,022.98
    .
    Projected Profit/(Loss) per head...
    ($117.22)
    . .
    Projected Profit/(Loss) per head for previous week...
    ($83.73)
    Change from previous week...
    -$33.49
    .
    Sale price necessary to breakeven...
    $158.53
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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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