Slaughter Steer Close-Out
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For the week ending October 17th...

.Typical closeout for un-hedged steers sold this week...
  • Placed On Feed 150 days ago = May 20th
  • Projected Profit/(Loss) based on the futures & estimated Cost of Gain when Placed on Feed: ($93.39)
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Cost of 750 lb. steer delivered to the feedyard @ $189.23 per cwt. 
$1,419.23
Cost of gain* for 600 lbs. @ $86.35 per cwt.
$518.10
Interest @ Prime + 1% on cattle cost for 150 days
$24.79
Interest @ Prime + 1% of the feed cost for 150 days
$4.52
Total Cost & Expense
$1,966.64
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Sale proceeds... 1,350 lb. steer @ $164.00 per cwt.
Price is based on extremely light trade for the week
$2,214.00
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This week's Profit/(Loss) per head...
$247.36
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Profit/(Loss) per head for previous week...
$278.27
Change from previous week...
-$30.91
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Sale price necessary to breakeven...
$157.33
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.Projected closeout for steers placed on feed this week...
  • Projected Sale Date @ 150 days on feed = March 16th
  • Cost of 750 lb. steer delivered to the feedyard @ $240.28 per cwt.
    $1,802.10
    Cost of gain* for 600 lbs. @ $76.48 per cwt.
    $458.88
    Interest @ Prime + 1% on cattle cost for 150 days
    $31.48
    Interest @ Prime + 1% of the feed cost for 150 days
    $4.01
    Total Cost & Expense
    $2,296.46
    .
    Sale proceeds... AprilLive Cattle Futures @ $162.05 per cwt.
    $2,187.68
    .
    Projected Profit/(Loss) per head...
    ($108.79)
    . .
    Projected Profit/(Loss) per head for previous week...
    ($41.50)
    Change from previous week...
    -$67.29
    .
    Sale price necessary to breakeven...
    $170.11
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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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