Slaughter Steer Close-Out
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For the week ending September 26th...

.Typical closeout for un-hedged steers sold this week...
  • Placed On Feed 150 days ago = April 29th
  • Projected Profit/(Loss) based on the futures & estimated Cost of Gain when Placed on Feed: ($95.53)
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Cost of 750 lb. steer delivered to the feedyard @ $179.84 per cwt. 
$1,348.80
Cost of gain* for 600 lbs. @ $87.41 per cwt.
$524.46
Interest @ Prime + 1% on cattle cost for 150 days
$23.56
Interest @ Prime + 1% of the feed cost for 150 days
$4.58
Total Cost & Expense
$1,901.40
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Sale proceeds... 1,350 lb. steer @ $157.00 per cwt.
Extremely light trade for the week
$2,119.50
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This week's Profit/(Loss) per head...
$218.10
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Profit/(Loss) per head for previous week...
$251.17
Change from previous week...
-$33.07
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Sale price necessary to breakeven...
$152.11
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.Projected closeout for steers placed on feed this week...
  • Projected Sale Date @ 150 days on feed = February 23rd
  • Cost of 750 lb. steer delivered to the feedyard @ $230.12 per cwt.
    $1,725.90
    Cost of gain* for 600 lbs. @ $76.12 per cwt.
    $456.72
    Interest @ Prime + 1% on cattle cost for 150 days
    $30.14
    Interest @ Prime + 1% of the feed cost for 150 days
    $3.99
    Total Cost & Expense
    $2,216.75
    .
    Sale proceeds... February Live Cattle Futures @ $162.00 per cwt.
    $2,187.00
    .
    Projected Profit/(Loss) per head...
    ($29.75)
    . .
    Projected Profit/(Loss) per head for previous week...
    ($50.52)
    Change from previous week...
    +$20.77
    .
    Sale price necessary to breakeven...
    $164.20
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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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