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| . |
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For the week ending
November 13th...
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|
 .Typical
closeout for un-hedged steers sold this week...
-
Placed On Feed
135 days ago = July 1st
-
Projected Profit/(Loss)
based on the futures when Placed on Feed: ($88.42)
|
|
| Cost of 750
lb. steer delivered to the feedyard @ $97.25 per cwt. |
$729.38
|
| Cost of gain*
for 500 lbs. @ $75.14 per cwt. |
$375.70
|
| Interest**
@ 6.50% on cattle cost for 135 days |
$20.23
|
| Interest on
50% of the feed cost for 135 days |
$5.21
|
| Total Cost
& Expense |
$1,130.52
|
| Sale proceeds...
1,250 lb. steer @ $84.50 per cwt. |
$1,056.25
|
| This week's
Profit/(Loss)
per head... |
($74.27)
|
| . |
|
| Profit/(Loss)
per head for previous week... |
($32.08)
|
| Change from
previous week... |
-$42.19
|
| . |
|
| Sale price
necessary to breakeven... |
$90.44
|
|
| . |
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|
.Projected
closeout for steers placed on feed this week...
Projected Sale
Date @ 135 days on feed = March 28th
|
|
| Cost of 750
lb. steer delivered to the feedyard @ $93.50 per cwt. |
$701.25
|
| Cost of gain*
for 500 lbs. @ $79.11 per cwt. |
$395.55
|
| Interest**
@ 5.50% on cattle cost for 135 days |
$12.97
|
| Interest on
50% of the feed cost for 135 days |
$3.66
|
| Total Cost
& Expense |
$1,113.43
|
| Sale proceeds...
April Live Cattle Futures @ $87.70 per cwt. |
$1,096.25
|
| Projected
Profit/(Loss)
per head... |
($17.18)
|
| . |
. |
| Projected Profit/(Loss)
per head projected for previous week... |
($12.10)
|
| Change from
previous week... |
-$5.08
|
| . |
|
| Sale price
necessary to breakeven... |
$89.07
|
. |
*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
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