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

.
.Typical closeout for un-hedged steers sold this week...
  • Placed On Feed 150 days ago = January 27th
  • Projected Profit/(Loss) based on the futures & estimated Cost of Gain: ($203.32)
.
Cost of 750 lb. steer delivered to the feedyard @ $220.45 per cwt. 
$1,653.38
Cost of gain* for 600 lbs. @ $84.21 per cwt.
$505.26
Interest** @ Prime + 1% on cattle cost for 150 days
$28.88
Interest** @ Prime + 1% of the feed cost for 150 days
$4.41
Total Cost & Expense
$2,191.92
.
Sale proceeds... 1,350 lb. steer @ $148.00 per cwt.
$1,998.00
.
This week's Profit/(Loss) per head...
($193.92)
.
Profit/(Loss) per head for previous week...
($159.31)
Change from previous week...
-$34.61
.
Sale price necessary to breakeven...
$162.36
.

.
.
.Projected closeout for steers placed on feed this week...
  • Projected Sale Date @ 150 days on feed = November 23rd
  • .
    Cost of 750 lb. steer delivered to the feedyard @ $225.17 per cwt.
    $1,688.78
    Cost of gain* for 600 lbs. @ $80.83 per cwt.
    $484.98
    Interest** @ Prime + 1% on cattle cost for 150 days
    $29.50
    Interest** @ Prime + 1% of the feed cost for 150 days
    $4.24
    Total Cost & Expense
    $2,207.49
    .
    Sale proceeds... December Live Cattle Futures @ $152.47 per cwt.
    $2,058.35
    .
    Projected Profit/(Loss) per head...
    ($149.14)
    . .
    Projected Profit/(Loss) per head for previous week...
    ($119.35)
    Change from previous week...
    -$29.79
    .
    Sale price necessary to breakeven...
    $163.52
    .

    *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

    .
    • 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...
    ..
    .

    .
    .
     
    .
    .
    Copyright © TM - The Cattle Range - All Rights Reserved