.
For the week ending November 13th...

.Typical closeout for un-hedged steers sold this week...
  • Placed On Feed 135 days ago = July 1st
  • Projected Profit/(Loss) based on the futures when Placed on Feed: ($88.42)
Cost of 750 lb. steer delivered to the feedyard @ $97.25 per cwt. 
$729.38
Cost of gain* for 500 lbs. @ $75.14 per cwt.
$375.70
Interest** @ 6.50% on cattle cost for 135 days
$20.23
Interest on 50% of the feed cost for 135 days
$5.21
Total Cost & Expense
$1,130.52
Sale proceeds... 1,250 lb. steer @ $84.50 per cwt.
$1,056.25
This week's Profit/(Loss) per head...
($74.27)
.
Profit/(Loss) per head for previous week...
($32.08)
Change from previous week...
-$42.19
.
Sale price necessary to breakeven...
$90.44
.

.Projected closeout for steers placed on feed this week... 
  • Projected Sale Date @ 135 days on feed = March 28th
  • Cost of 750 lb. steer delivered to the feedyard @ $93.50 per cwt.
    $701.25
    Cost of gain* for 500 lbs. @ $79.11 per cwt.
    $395.55
    Interest** @ 5.50% on cattle cost for 135 days
    $12.97
    Interest on 50% of the feed cost for 135 days
    $3.66
    Total Cost & Expense
    $1,113.43
    Sale proceeds... April Live Cattle Futures @ $87.70 per cwt.
    $1,096.25
    Projected Profit/(Loss) per head...
    ($17.18)
    . .
    Projected Profit/(Loss) per head projected for previous week...
    ($12.10)
    Change from previous week...
    -$5.08
    .
    Sale price necessary to breakeven...
    $89.07
    .

    *In addition to feed costs, "Cost of Gain" includes death loss, medicine, insurance, etc.
     **Interest Rate @ Prime + 2.00%... Prime Rate as defined and published by The Wall Street Journal

    .
    • Typical closeout for steers sold this week
    • Projected closeout for steers placed on feed this week

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