|
|
Slaughter
Steer Close-Out
|
| . |
|
For the week ending
August 27th...
|
|
 .Typical
closeout for un-hedged steers sold this week...
-
Placed On Feed
135 days ago = April 14th
-
Projected Profit/(Loss)
based on the futures when Placed on Feed: ($21.56)
|
|
| Cost of 750
lb. steer delivered to the feedyard @ $112.64 per cwt. |
$844.80
|
| Cost of gain*
for 500 lbs. @ $69.87 per cwt. |
$349.35
|
| Interest**
@ 5.25% on cattle cost for 135 days |
$16.40
|
| Interest on
50% of the feed cost for 135 days |
$3.39
|
| Total Cost
& Expense |
$1,213.95
|
| . |
|
| Sale proceeds...
1,250 lb. steer @ $99.50 per cwt. |
$1,243.75
|
| . |
|
| This week's
Profit/(Loss)
per head... |
$29.80
|
| . |
|
| Profit/(Loss)
per head for previous week... |
$74.27
|
| Change from
previous week... |
-$44.47
|
| . |
|
| Sale price
necessary to breakeven... |
$97.12
|
|
| . |
|
|
.Projected
closeout for steers placed on feed this week...
Projected Sale
Date @ 135 days on feed = January 9th
|
|
| Cost of 750
lb. steer delivered to the feedyard @ $114.22 per cwt. |
$856.65
|
| Cost of gain*
for 500 lbs. @ $79.82 per cwt. |
$399.10
|
| Interest**
@ 5.25% on cattle cost for 135 days |
$16.63
|
| Interest on
50% of the feed cost for 135 days |
$3.87
|
| Total Cost
& Expense |
$1,276.26
|
| . |
|
| Sale proceeds...
February Live Cattle Futures @ $101.32 per cwt. |
$1,266.50
|
| . |
|
| Projected
Profit/(Loss)
per head... |
($9.76)
|
| . |
. |
| Projected Profit/(Loss)
per head for previous week... |
($3.78)
|
| Change from
previous week... |
-$5.98
|
| . |
|
| Sale price
necessary to breakeven... |
$102.10
|
. |
*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
-
Projected closeout
for steers placed on feed this week
|
|
|
|
