Slaughter Steer Close-Out
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For the week ending February 5th

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.Typical closeout for un-hedged steers sold this week:
  • Placed On Feed 150 days ago = September 8th
  • Projected Profit/(Loss) based on the futures when placed on feed: ($139.99)
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Cost of 750 lb. steer delivered to the feedyard @ $205.15 per cwt. 
$1,538.63
Cost of gain* for 600 lbs. @ $82.95 per cwt.
$497.70
Interest** @ Prime + 2% on cattle cost for 150 days
$33.20
Interest** @ Prime + 2% of the feed cost for 150 days
$5.37
Total Cost & Expense
$2,074.89
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Sale proceeds: 1,350 lb. steer @ $137.00 per cwt.
$1,849.50
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This week's Profit/(Loss) per head
($225.39)
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Profit/(Loss) per head for previous week
($297.10)
Change from previous week
+$41.71
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Sale price necessary to breakeven
$153.70
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.Projected closeout for steers placed on feed this week:
  • Projected Sale Date @ 150 days on feed = July 4th
  • Cost of 750 lb. steer delivered to the feedyard @ $159.75 per cwt.
    $1,198.13
    Cost of gain* for 600 lbs. @ $80.65 per cwt.
    $483.90
    Interest** @ Prime + 2% on cattle cost for 150 days
    $27.08
    Interest** @ Prime + 2% of the feed cost for 150 days
    $5.47
    Total Cost & Expense
    $1,714.57
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    Sale proceeds: August Live Cattle Futures @ $120.62 per cwt.
    $1,628.37
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    Projected Profit/(Loss) per head
    ($86.20)
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    Projected Profit/(Loss) per head for previous week
    ($47.36)
    Change from previous week
    -$38.84
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    Sale price necessary to breakeven
    $127.01
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    *In addition to feed costs, "Cost of Gain" includes death loss, medicine, insurance, etc.
     **Interest Rate @ Prime + 2.00% - 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: ($139.99)
  • Typical closeout for un-hedged steers sold this week: ($225.39)
  • Projected Profit/(Loss) based on the futures & estimated Cost of Gain when Placed on Feed: ($86.20)
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    Feedyard Close-Outs for the weeks ending:
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