|
|
| . |
|
For
the week ending August 1st...
|
|
 .Typical
closeout for steers sold this week...
-
Placed On Feed
135 days ago = March 19th
|
.
|
| Cost of 750
lb. steer delivered to the feedyard @ $99.28 per cwt. |
$744.60
|
| Cost of gain*
for 500 lbs. @ $102.12 per cwt. |
$510.60
|
| Interest**
@ 7.50% on cattle cost for 135 days |
$20.66
|
| Interest on
50% of the feed cost for 135 days |
$7.08
|
| Total Cost
& Expense |
$1,282.94
|
| Sale proceeds...
1,250 lb. steer @ $96.00 per cwt. |
$1,200.00
|
| This week's
Profit/(Loss)
per head... |
($82.94)
|
| . |
|
| Profit/(Loss)
per head for previous week... |
($107.32)
|
| Change from
previous week... |
+$24.38
|
| . |
|
| Sale price
necessary to breakeven... |
$102.63
|
|
| . |
|
|
.Projected
closeout for steers placed on feed this week...
Projected Sale
Date @ 135 days on feed = December 14th
|
.
|
| Cost of 750
lb. steer delivered to the feedyard @ $111.19 per cwt. |
$833.93
|
| Cost of gain*
for 500 lbs. @ $106.17 per cwt. |
$530.85
|
| Interest**
@ 6.00% on cattle cost for 135 days |
$18.51
|
| Interest on
50% of the feed cost for 135 days |
$5.89
|
| Total Cost
& Expense |
$1,389.17
|
| Sale proceeds...
December Live Cattle Futures @ $110.12 per cwt. |
$1,376.50
|
| Projected
Profit/(Loss)
per head... |
($12.67)
|
| . |
. |
| Projected Profit/(Loss)
per head projected for previous week... |
($59.18)
|
| Change from
previous week... |
+$46.51
|
| . |
|
| Sale price
necessary to breakeven... |
$111.13
|
. |
*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
-
Projected closeout
for steers placed on feed this week
|
|
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