|
|
| . |
|
For the week ending
November 20th...
|
|
 .Typical
closeout for un-hedged steers sold this week...
-
Placed On Feed
135 days ago = July 8th
-
Projected Profit/(Loss)
based on the futures when Placed on Feed: ($89.44)
|
|
| Cost of 750
lb. steer delivered to the feedyard @ $99.15 per cwt. |
$743.63
|
| Cost of gain*
for 500 lbs. @ $74.72 per cwt. |
$373.60
|
| Interest**
@ 6.50% on cattle cost for 135 days |
$20.63
|
| Interest on
50% of the feed cost for 135 days |
$5.18
|
| Total Cost
& Expense |
$1,143.03
|
| Sale proceeds...
1,250 lb. steer @ $83.50 per cwt. |
$1,043.75
|
| This week's
Profit/(Loss)
per head... |
($99.28)
|
| . |
|
| Profit/(Loss)
per head for previous week... |
($74.27)
|
| Change from
previous week... |
-$25.01
|
| . |
|
| Sale price
necessary to breakeven... |
$91.44
|
|
| . |
|
|
.Projected
closeout for steers placed on feed this week...
Projected Sale
Date @ 135 days on feed = April 4th
|
|
| Cost of 750
lb. steer delivered to the feedyard @ $93.24 per cwt. |
$699.30
|
| Cost of gain*
for 500 lbs. @ $78.17 per cwt. |
$390.85
|
| Interest**
@ 5.50% on cattle cost for 135 days |
$12.93
|
| Interest on
50% of the feed cost for 135 days |
$3.61
|
| Total Cost
& Expense |
$1,106.70
|
| Sale proceeds...
April Live Cattle Futures @ $88.05 per cwt. |
$1,100.63
|
| Projected
Profit/(Loss)
per head... |
($6.07)
|
| . |
. |
| Projected Profit/(Loss)
per head projected for previous week... |
($17.08)
|
| Change from
previous week... |
+$11.01
|
| . |
|
| Sale price
necessary to breakeven... |
$88.54
|
. |
*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
|
| . |
-
Typical closeout
for steers sold this week
-
Projected closeout
for steers placed on feed this week
|
|
|
|
