Slaughter Steer Close-Out
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For the week ending September 19th...

.Typical closeout for un-hedged steers sold this week...
  • Placed On Feed 150 days ago = April 22nd
  • Projected Profit/(Loss) based on the futures & estimated Cost of Gain when Placed on Feed: ($151.54)
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Cost of 750 lb. steer delivered to the feedyard @ $179.33 per cwt. 
$1,344.98
Cost of gain* for 600 lbs. @ $87.05 per cwt.
$522.30
Interest @ Prime + 1% on cattle cost for 150 days
$23.49
Interest @ Prime + 1% of the feed cost for 150 days
$4.56
Total Cost & Expense
$1,895.33
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Sale proceeds... 1,350 lb. steer @ $159.00 per cwt.
$2,146.50
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This week's Profit/(Loss) per head...
$251.17
.
Profit/(Loss) per head for previous week...
$279.33
Change from previous week...
-$28.16
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Sale price necessary to breakeven...
$151.63
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.Projected closeout for steers placed on feed this week...
  • Projected Sale Date @ 150 days on feed = February 16th
  • Cost of 750 lb. steer delivered to the feedyard @ $229.65 per cwt.
    $1,722.38
    Cost of gain* for 600 lbs. @ $76.24 per cwt.
    $457.44
    Interest @ Prime + 1% on cattle cost for 150 days
    $30.08
    Interest @ Prime + 1% of the feed cost for 150 days
    $3.99
    Total Cost & Expense
    $2,213.89
    .
    Sale proceeds... February Live Cattle Futures @ $160.25 per cwt.
    $2,163.38
    .
    Projected Profit/(Loss) per head...
    ($50.52)
    . .
    Projected Profit/(Loss) per head for previous week...
    ($32.11)
    Change from previous week...
    -$18.41
    .
    Sale price necessary to breakeven...
    $163.99
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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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