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|
Slaughter
Steer Close-Out
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| . |
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For the week ending
May 17th...
|
|
 .Typical
closeout for un-hedged steers sold this week...
-
Placed On Feed
135 days ago = January 2nd
-
Projected Profit/(Loss)
based on the futures & estimated Cost of Gain when Placed on Feed:
($47.85)
|
. |
| Cost of 750
lb. steer delivered to the feedyard @ $148.26 per cwt. |
$1,111.95
|
| Cost of gain*
for 500 lbs. @ $121.32 per cwt. |
$606.60
|
| Interest**
@ 5.25% on cattle cost for 135 days |
$21.59
|
| Interest on
5.25% of the feed cost for 135 days |
$5.89
|
| Total Cost
& Expense |
$1,746.03
|
| . |
|
| Sale proceeds...
1,250 lb. steer @ $125.00 per cwt. |
$1,562.50
|
| . |
|
| This week's
Profit/(Loss)
per head... |
($183.53)
|
| . |
|
| Profit/(Loss)
per head for previous week... |
($164.70)
|
| Change from
previous week... |
($18.83)
|
| . |
|
| Sale price
necessary to breakeven... |
$139.68
|
|
| . |
|
| . |
.Projected
closeout for steers placed on feed this week...
Projected Sale
Date @ 135 days on feed = September 29th
|
|
| Cost of 750
lb. steer delivered to the feedyard @ $133.65 per cwt. |
$996.53
|
| Cost of gain*
for 500 lbs. @ $115.03 per cwt. |
$575.15
|
| Interest**
@ 5.25% on cattle cost for 135 days |
$19.35
|
| Interest on
5.25% of the feed cost for 135 days |
$5.58
|
| Total Cost
& Expense |
$1,596.61
|
| . |
|
| Sale proceeds...
August Live Cattle Futures @ $121.97 per cwt. |
$1,524.63
|
| . |
|
| Projected
Profit/(Loss)
per head... |
($71.98)
|
| . |
. |
| Projected Profit/(Loss)
per head for previous week... |
($49.74)
|
| Change from
previous week... |
($22.24)
|
| . |
|
| Sale price
necessary to breakeven... |
$127.73
|
. |
*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 & 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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