Cattle

This Weeks Typical Panhandle Close Out

Cost of 750# steers del. feedyards 107 cwt $802.50
Cost of gain for 500# 80 cwt $400.00
Interest on 75% feed and cattle cost 3.25%* $9.64
Sales price of 1250# steers 83 cwt $1,037.50
Profit/(Loss) per head   ($174.64)

* Interest should be figured at prime on 75% of the cattle cost for 135 days and one half of the feed cost for 135 days.

Projected Breakeven for a Typical Panhandle Steer Purchase

Cost of 750# steers del. feedyards 94 cwt $705.00
Cost of gain for 500# 77 cwt $385.00
Interest on 75% feed and cattle cost 3.25%* $8.67
Breakeven on 1250# steers 87.9 cwt $1,098.67
August Live Cattle 84.4 cwt $1,055.00
Profit/(Loss) per head   ($43.67)

* Interest should be figured at prime on 75% of the cattle cost for 135 days and one half of the feed cost for 135 days.

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