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| . |
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For the week ending
November 6th...
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|
 .Typical
closeout for un-hedged steers sold this week...
-
Placed On Feed
135 days ago = June 24th
-
Projected Profit/(Loss)
based on the futures when Placed on Feed: ($54.79)
|
|
| Cost of 750
lb. steer delivered to the feedyard @ $95.16 per cwt. |
$713.70
|
| Cost of gain*
for 500 lbs. @ $76.16 per cwt. |
$380.80
|
| Interest**
@ 6.50% on cattle cost for 135 days |
$19.80
|
| Interest on
50% of the feed cost for 135 days |
$5.28
|
| Total Cost
& Expense |
$1,119.58
|
| Sale proceeds...
1,250 lb. steer @ $87.00 per cwt. |
$1,087.50
|
| This week's
Profit/(Loss)
per head... |
($32.08)
|
| . |
|
| Profit/(Loss)
per head for previous week... |
($43.21)
|
| Change from
previous week... |
+$11.13
|
| . |
|
| Sale price
necessary to breakeven... |
$89.57
|
|
| . |
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|
.Projected
closeout for steers placed on feed this week...
Projected Sale
Date @ 135 days on feed = March 21st
|
|
| Cost of 750
lb. steer delivered to the feedyard @ $94.48 per cwt. |
$708.60
|
| Cost of gain*
for 500 lbs. @ $79.84 per cwt. |
$399.20
|
| Interest**
@ 5.50% on cattle cost for 135 days |
$13.10
|
| Interest on
50% of the feed cost for 135 days |
$3.69
|
| Total Cost
& Expense |
$1,124.60
|
| Sale proceeds...
April Live Cattle Futures @ $89.00 per cwt. |
$1,112.50
|
| Projected
Profit/(Loss)
per head... |
($12.10)
|
| . |
. |
| Projected Profit/(Loss)
per head projected for previous week... |
($27.18)
|
| Change from
previous week... |
+$15.08
|
| . |
|
| Sale price
necessary to breakeven... |
$89.97
|
. |
*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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