Slaughter Steer Close-Out
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For the week ending April 17th...

.Typical closeout for un-hedged steers sold this week...
  • Placed On Feed 150 days ago = November 18th
  • Projected Profit/(Loss) based on the futures & estimated Cost of Gain when Placed on Feed: ($49.10)
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Cost of 750 lb. steer delivered to the feedyard @ $239.94 per cwt. 
$1,799.55
Cost of gain* for 600 lbs. @ $85.77 per cwt.
$514.62
Interest @ Prime + 1% on cattle cost for 150 days
$31.43
Interest @ Prime + 1% of the feed cost for 150 days
$4.49
Total Cost & Expense
$2,350.09
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Sale proceeds... 1,350 lb. steer @ $163.00 per cwt.
$2,200.50
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This week's Profit/(Loss) per head...
($149.59)
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Profit/(Loss) per head for previous week...
($112.46)
Change from previous week...
-$37.13
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Sale price necessary to breakeven...
$174.08
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.Projected closeout for steers placed on feed this week...
  • Projected Sale Date @ 150 days on feed = September 14th
  • Cost of 750 lb. steer delivered to the feedyard @ $214.55 per cwt.
    $1,609.13
    Cost of gain* for 600 lbs. @ $82.24 per cwt.
    $493.44
    Interest @ Prime + 1% on cattle cost for 150 days
    $28.10
    Interest @ Prime + 1% of the feed cost for 150 days
    $4.31
    Total Cost & Expense
    $2,134.98
    .
    Sale proceeds... October Live Cattle Futures @ $148.25 per cwt.
    $2,001.38
    .
    Projected Profit/(Loss) per head...
    ($133.60)
    . .
    Projected Profit/(Loss) per head for previous week...
    ($128.01)
    Change from previous week...
    -$5.59
    .
    Sale price necessary to breakeven...
    $158.15
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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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