Slaughter Steer Close-Outs
Current & Future (Projected)
.For the week ending August 26th
..

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Closeout projections are for cattle placed on feed by a cattle owner at a commercial feedyard and not for cattle owned by a feedyard and fed at cost or a farmer/feeder utilizing his own feed.
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Typical closeout for un-hedged steers sold this week:
  • Placed On Feed 150 days ago = March 29th
  • Projected Profit/(Loss) based on the futures when placed on feed: ($10.65)
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Cost of 750 lb. steer delivered to the feedyard @ $158.64 per cwt. 
$1,189.80
Cost of gain* for 600 lbs. @ $75.1 per cwt.
$450.60
Interest** @ Prime + 2% on cattle cost for 150 days
$26.89
Interest** @ Prime + 2% of the feed cost for 150 days
$5.09
Total Cost & Expense
$1,672.39
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Sale proceeds: 1,350 lb. steer @ $115.00 per cwt.
$1,552.50
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This week's Profit/(Loss) per head
($119.89)
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Profit/(Loss) per head for previous week
($104.62)
Change from previous week
-$15.27
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Sale price necessary to breakeven
$123.88
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Projected closeout for steers placed on feed this week:
  • Projected Sale Date @ 150 days on feed = January 23rd
  • Cost of 750 lb. steer delivered to the feedyard @ $145.88 per cwt.
    $1,094.10
    Cost of gain* for 600 lbs. @ $71.52 per cwt.
    $429.12
    Interest** @ Prime + 2% on cattle cost for 150 days
    $24.73
    Interest** @ Prime + 2% of the feed cost for 150 days
    $4.85
    Total Cost & Expense
    $1,552.80
    .
    Sale proceeds: February Live Cattle Futures @ $108.22 per cwt.
    $1,460.97
    .
    Projected Profit/(Loss) per head
    ($91.83)
    . .
    Projected Profit/(Loss) per head for previous week
    ($68.39)
    Change from previous week
    -$23.44
    .
    Sale price necessary to breakeven
    $115.02
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    *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
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    ,.

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    Typical closeout for steers sold this week and hedged when placed on feed: ($10.65)
    Typical closeout for un-hedged steers sold this week:($119.89)
    Projected Profit/(Loss) based on the futures & estimated Cost of Gain this week: ($91.83)
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