Slaughter Steer Close-Out
.
For the week ending August 29th...

.Typical closeout for un-hedged steers sold this week...
  • Placed On Feed 150 days ago = April 1st
  • Projected Profit/(Loss) based on the futures & estimated Cost of Gain when Placed on Feed: ($103.96)
.
Cost of 750 lb. steer delivered to the feedyard @ $178.44 per cwt. 
$1,338.30
Cost of gain* for 600 lbs. @ $90.66 per cwt.
$543.96
Interest @ Prime + 1% on cattle cost for 150 days
$23.37
Interest @ Prime + 1% of the feed cost for 150 days
$4.75
Total Cost & Expense
$1,910.38
.
Sale proceeds... 1,350 lb. steer @ $155.00 per cwt.
$2,092.50
.
This week's Profit/(Loss) per head...
$182.12
.
Profit/(Loss) per head for previous week...
$169.94
Change from previous week...
+$12.18
.
Sale price necessary to breakeven...
$152.83
.

.
.Projected closeout for steers placed on feed this week...
  • Projected Sale Date @ 150 days on feed = January 26th
  • Cost of 750 lb. steer delivered to the feedyard @ $216.55 per cwt.
    $1,624.13
    Cost of gain* for 600 lbs. @ $83.12 per cwt.
    $498.72
    Interest @ Prime + 1% on cattle cost for 150 days
    $28.37
    Interest @ Prime + 1% of the feed cost for 150 days
    $4.36
    Total Cost & Expense
    $2,155.57
    .
    Sale proceeds... February Live Cattle Futures @ $154.60 per cwt.
    $2,087.10
    .
    Projected Profit/(Loss) per head...
    ($68.47)
    . .
    Projected Profit/(Loss) per head for previous week...
    ($117.22)
    Change from previous week...
    +$48.75
    .
    Sale price necessary to breakeven...
    $159.67
    .

    *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 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...
    .

    .
    .
     
    .
    .
    Copyright © TM - The Cattle Range - All Rights Reserved