Slaughter Steer Close-Out
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For the week ending July 24th...

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.Typical closeout for un-hedged steers sold this week...
  • Placed On Feed 150 days ago = February 24th
  • Projected Profit/(Loss) based on the futures & estimated Cost of Gain: ($145.04)
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Cost of 750 lb. steer delivered to the feedyard @ $210.44 per cwt. 
$1,578.30
Cost of gain* for 600 lbs. @ $82.94 per cwt.
$497.64
Interest** @ Prime + 1% on cattle cost for 150 days
$27.57
Interest** @ Prime + 1% of the feed cost for 150 days
$4.35
Total Cost & Expense
$2,107.85
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Sale proceeds... 1,350 lb. steer @ $145.00 per cwt.
$1,957.50
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This week's Profit/(Loss) per head...
($150.35)
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Profit/(Loss) per head for previous week...
($124.43)
Change from previous week...
-$25.92
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Sale price necessary to breakeven...
$156.14
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.Projected closeout for steers placed on feed this week...
  • Projected Sale Date @ 150 days on feed = December 21st
  • .
    Cost of 750 lb. steer delivered to the feedyard @ $216.05 per cwt.
    $1,620.38
    Cost of gain* for 600 lbs. @ $83.26 per cwt.
    $499.56
    Interest** @ Prime + 1% on cattle cost for 150 days
    $28.30
    Interest** @ Prime + 1% of the feed cost for 150 days
    $4.36
    Total Cost & Expense
    $2,152.60
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    Sale proceeds... December Live Cattle Futures @ $147.05 per cwt.
    $1,985.18
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    Projected Profit/(Loss) per head...
    ($167.42)
    . .
    Projected Profit/(Loss) per head for previous week...
    ($156.28)
    Change from previous week...
    -$11.14
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    Sale price necessary to breakeven...
    $159.45
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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
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    Feedyard Close-Outs for the weeks ending...
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