Slaughter Steer Close-Out
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For the week ending December 12th...

.Typical closeout for un-hedged steers sold this week...
  • Placed On Feed 150 days ago = July 15th
  • Projected Profit/(Loss) based on the futures & estimated Cost of Gain when Placed on Feed: ($80.81)
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Cost of 750 lb. steer delivered to the feedyard @ $215.07 per cwt. 
$1,613.03
Cost of gain* for 600 lbs. @ $84.34 per cwt.
$506.04
Interest @ Prime + 1% on cattle cost for 150 days
$28.17
Interest @ Prime + 1% of the feed cost for 150 days
$4.42
Total Cost & Expense
$2,151.66
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Sale proceeds... 1,350 lb. steer @ $164.00 per cwt.
$2,214.00
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This week's Profit/(Loss) per head...
$62.34
.
Profit/(Loss) per head for previous week...
$84.63
Change from previous week...
-$22.29
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Sale price necessary to breakeven...
$159.38
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.Projected closeout for steers placed on feed this week...
  • Projected Sale Date @ 150 days on feed = May 11th
  • Cost of 750 lb. steer delivered to the feedyard @ $232.18 per cwt.
    $1,741.35
    Cost of gain* for 600 lbs. @ $86.55 per cwt.
    $519.30
    Interest @ Prime + 1% on cattle cost for 150 days
    $30.41
    Interest @ Prime + 1% of the feed cost for 150 days
    $4.53
    Total Cost & Expense
    $2,295.60
    .
    Sale proceeds... June Live Cattle Futures @ $154.07 per cwt.
    $2,079.95
    .
    Projected Profit/(Loss) per head...
    ($215.65)
    . .
    Projected Profit/(Loss) per head for previous week...
    ($132.04)
    Change from previous week...
    -$83.61
    .
    Sale price necessary to breakeven...
    $170.04
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    *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

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    • Typical closeout for steers sold this week and hedged when placed on feed
    • Typical closeout for un-hedged steers sold this week
    • Projected Profit/(Loss) based on the futures & estimated Cost of Gain when Placed on Feed
    Feedyard Close-Outs for the weeks ending...
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