Slaughter Steer Close-Out
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For the week ending April 18th...

.Typical closeout for un-hedged steers sold this week...
  • Placed On Feed 135 days ago = December 4th
  • Projected Profit/(Loss) based on the futures & estimated Cost of Gain when Placed on Feed: ($29.30)
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Cost of 750 lb. steer delivered to the feedyard @ $166.57 per cwt. 
$1,249.28
Cost of gain* for 500 lbs. @ $92.24 per cwt.
$461.20
Interest** @ 5.25% on cattle cost for 135 days
$24.26
Interest on 5.25% of the feed cost for 135 days
$4.48
Total Cost & Expense
$1,739.21
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Sale proceeds... 1,250 lb. steer @ $148.00 per cwt.
$1,850.00
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This week's Profit/(Loss) per head...
$110.79
.
Profit/(Loss) per head for previous week...
$141.98
Change from previous week...
($31.19)
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Sale price necessary to breakeven...
$139.14
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.Projected closeout for steers placed on feed this week...
  • Projected Sale Date @ 135 days on feed = August 31st
  • Cost of 750 lb. steer delivered to the feedyard @ $177.45 per cwt.
    $1,330.88
    Cost of gain* for 500 lbs. @ $90.14 per cwt.
    $450.70
    Interest** @ 5.25% on cattle cost for 135 days
    $25.84
    Interest on 5.25% of the feed cost for 135 days
    $4.38
    Total Cost & Expense
    $1,811.79
    .
    Sale proceeds... August Live Cattle Futures @ $132.82 per cwt.
    $1,660.25
    .
    Projected Profit/(Loss) per head...
    ($151.54)
    . .
    Projected Profit/(Loss) per head for previous week...
    ($137.73)
    Change from previous week...
    ($13.81)
    .
    Sale price necessary to breakeven...
    $144.94
    .

    *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

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    • Typical closeout for steers sold this week & 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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