Slaughter Steer Close-Out
.
For the week ending March 27th...

.Typical closeout for un-hedged steers sold this week...
  • Placed On Feed 150 days ago = October 28th
  • Projected Profit/(Loss) based on the futures & estimated Cost of Gain when Placed on Feed: ($70.10)
.
Cost of 750 lb. steer delivered to the feedyard @ $239.82 per cwt. 
$1,798.65
Cost of gain* for 600 lbs. @ $86.19 per cwt.
$517.14
Interest @ Prime + 1% on cattle cost for 150 days
$31.41
Interest @ Prime + 1% of the feed cost for 150 days
$4.52
Total Cost & Expense
$2,351.72
.
Sale proceeds... 1,350 lb. steer @ $165.00 per cwt.
$2,227.50
.
This week's Profit/(Loss) per head...
($124.22)
.
Profit/(Loss) per head for previous week...
($172.22)
Change from previous week...
+$48.00
.
Sale price necessary to breakeven...
$174.20
.

.
.Projected closeout for steers placed on feed this week...
  • Projected Sale Date @ 150 days on feed = August 24th
  • Cost of 750 lb. steer delivered to the feedyard @ $214.75 per cwt.
    $1,610.63
    Cost of gain* for 600 lbs. @ $80.11 per cwt.
    $480.66
    Interest @ Prime + 1% on cattle cost for 150 days
    $28.13
    Interest @ Prime + 1% of the feed cost for 150 days
    $4.20
    Total Cost & Expense
    $2,123.61
    .
    Sale proceeds... October Live Cattle Futures @ $151.70 per cwt.
    $2,047.95
    .
    Projected Profit/(Loss) per head...
    ($75.66)
    . .
    Projected Profit/(Loss) per head for previous week...
    ($97.48)
    Change from previous week...
    +$21.82
    .
    Sale price necessary to breakeven...
    $157.30
    .

    *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