.
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

    .
    .
     
    .