Slaughter Steer Close-Out
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For the week ending July 18th...

.Typical closeout for un-hedged steers sold this week...
  • Placed On Feed 150 days ago = February 18th
  • Projected Profit/(Loss) based on the futures & estimated Cost of Gain when Placed on Feed: ($63.31)
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Cost of 750 lb. steer delivered to the feedyard @ $171.46 per cwt. 
$1,285.95
Cost of gain* for 600 lbs. @ $88.68 per cwt.
$532.08
Interest @ Prime + 1% on cattle cost for 150 days
$22.46
Interest @ Prime + 1% of the feed cost for 150 days
$4.65
Total Cost & Expense
$1,845.14
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Sale proceeds... 1,350 lb. steer @ $156.50 per cwt.
$2,112.75
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This week's Profit/(Loss) per head...
$267.61
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Profit/(Loss) per head for previous week...
$242.36
Change from previous week...
+$25.25
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Sale price necessary to breakeven...
$147.61
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.Projected closeout for steers placed on feed this week...
  • Projected Sale Date @ 150 days on feed = December 15th
  • Cost of 750 lb. steer delivered to the feedyard @ $214.22 per cwt.
    $1,606.65
    Cost of gain* for 600 lbs. @ $85.10 per cwt.
    $510.60
    Interest @ Prime + 1% on cattle cost for 150 days
    $28.06
    Interest @ Prime + 1% of the feed cost for 150 days
    $4.46
    Total Cost & Expense
    $2,149.77
    .
    Sale proceeds... December Live Cattle Futures @ $154.55 per cwt.
    $2,086.43
    .
    Projected Profit/(Loss) per head...
    ($63.35)
    . .
    Projected Profit/(Loss) per head for previous week...
    ($80.81)
    Change from previous week...
    +$17.46
    .
    Sale price necessary to breakeven...
    $159.24
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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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