Slaughter Steer Close-Out
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For the week ending November 21st...

.Typical closeout for un-hedged steers sold this week...
  • Placed On Feed 150 days ago = June 24th
  • Projected Profit/(Loss) based on the futures & estimated Cost of Gain when Placed on Feed: ($130.59)
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Cost of 750 lb. steer delivered to the feedyard @ $204.95 per cwt. 
$1,537.13
Cost of gain* for 600 lbs. @ $87.85 per cwt.
$527.10
Interest @ Prime + 1% on cattle cost for 150 days
$26.85
Interest @ Prime + 1% of the feed cost for 150 days
$4.60
Total Cost & Expense
$2,095.68
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Sale proceeds... 1,350 lb. steer @ $171.00 per cwt.
Price is based on extremely light trade for the week
$2,308.50
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This week's Profit/(Loss) per head...
$212.82
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Profit/(Loss) per head for previous week...
$226.20
Change from previous week...
-$13.38
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Sale price necessary to breakeven...
$167.65
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.Projected closeout for steers placed on feed this week...
  • Projected Sale Date @ 150 days on feed = April 20th
  • Cost of 750 lb. steer delivered to the feedyard @ $240.05 per cwt.
    $1,800.38
    Cost of gain* for 600 lbs. @ $83.65 per cwt.
    $501.90
    Interest @ Prime + 1% on cattle cost for 150 days
    $31.44
    Interest @ Prime + 1% of the feed cost for 150 days
    $4.38
    Total Cost & Expense
    $2,338.10
    .
    Sale proceeds... April Live Cattle Futures @ $170.42 per cwt.
    $2,300.67
    .
    Projected Profit/(Loss) per head...
    ($37.43)
    . .
    Projected Profit/(Loss) per head for previous week...
    ($49.10)
    Change from previous week...
    +$11.67
    .
    Sale price necessary to breakeven...
    $173.19
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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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