Slaughter Steer Close-Out
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For the week ending July 3rd...

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.Typical closeout for un-hedged steers sold this week...
  • Placed On Feed 150 days ago = February 3rd
  • Projected Profit/(Loss) based on the futures & estimated Cost of Gain: ($184.46)
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Cost of 750 lb. steer delivered to the feedyard @ $221.85 per cwt. 
$1,663.88
Cost of gain* for 600 lbs. @ $83.47 per cwt.
$500.82
Interest** @ Prime + 1% on cattle cost for 150 days
$29.06
Interest** @ Prime + 1% of the feed cost for 150 days
$4.37
Total Cost & Expense
$2,198.13
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Sale proceeds... 1,350 lb. steer @ $152.00 per cwt.
$2,052.00
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This week's Profit/(Loss) per head...
($146.13)
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Profit/(Loss) per head for previous week...
($193.92)
Change from previous week...
+$47.79
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Sale price necessary to breakeven...
$162.82
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.Projected closeout for steers placed on feed this week...
  • Projected Sale Date @ 150 days on feed = November 30th
  • .
    Cost of 750 lb. steer delivered to the feedyard @ $224.12 per cwt.
    $1,680.90
    Cost of gain* for 600 lbs. @ $81.09 per cwt.
    $486.54
    Interest** @ Prime + 1% on cattle cost for 150 days
    $29.36
    Interest** @ Prime + 1% of the feed cost for 150 days
    $4.25
    Total Cost & Expense
    $2,201.05
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    Sale proceeds... December Live Cattle Futures @ $154.72 per cwt.
    $2,088.72
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    Projected Profit/(Loss) per head...
    ($112.33)
    . .
    Projected Profit/(Loss) per head for previous week...
    ($149.14)
    Change from previous week...
    +$36.81
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    Sale price necessary to breakeven...
    $163.04
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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
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    Feedyard Close-Outs for the weeks ending...
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