Finished Limousin Steer Price

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farmfowls
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Finished Limousin Steer Price

Post by farmfowls » Tue May 07, 2019 9:56 pm

I am wondering if anyone could tell me the average price per hundredweight, a finished 1350lbs Limousin steer would sell for. I know this is going to depend on market, but I can't seem to find any data on the averages to get a ballpark figure. Would this figure differ on a Saler for example? If so, by how much?

I've found that slaughter cows (1,200 pounds) in general are expected to average at $50 per hundredweight and 550 pounds steers in general are expected to average at $145. But I have to find actual numbers on a finished 1350lbs steer. Does anyone have any idea?



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Re: Finished Limousin Steer Price

Post by kenny thomas » Tue May 07, 2019 10:01 pm

If they are truly finished breed doesn't matter as much as grade and yield grade. This weeks finished steers are bringing around 1.20+ if graded choice and a good yield grade. A single calf will be less.
My thoughts only, don't bet the farm on them. KT

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Re: Finished Limousin Steer Price

Post by farmfowls » Tue May 07, 2019 10:04 pm

kenny thomas wrote:
Tue May 07, 2019 10:01 pm
If they are truly finished breed doesn't matter as much as grade and yield grade. This weeks finished steers are bringing around 1.20+ if graded choice and a good yield grade. A single calf will be less.
Where did you find this information? And is that after slaughter hanging weight or a live animal?

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Re: Finished Limousin Steer Price

Post by kenny thomas » Tue May 07, 2019 10:09 pm

If your selling to someone for a beef it could be lots higher. Price i stated was the price for live slaughter steers and usually figured on grade and yield.
I see steers at as high as 4.50 a lb hanging weight if your selling private to someone for a beef.
My thoughts only, don't bet the farm on them. KT

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Re: Finished Limousin Steer Price

Post by Silver » Tue May 07, 2019 10:20 pm

You can look at Chicago Merc for future prices to get an idea. Cash trade will be somewhat different.
https://www.cmegroup.com/trading/agricu ... attle.html

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Re: Finished Limousin Steer Price

Post by farmfowls » Tue May 07, 2019 10:56 pm

kenny thomas wrote:
Tue May 07, 2019 10:09 pm
If your selling to someone for a beef it could be lots higher. Price i stated was the price for live slaughter steers and usually figured on grade and yield.
I see steers at as high as 4.50 a lb hanging weight if your selling private to someone for a beef.
From a 1350lbs Limousin how much of that is hanging weight? Is there a calculation I can do? Or a resource I can look at?

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Re: Finished Limousin Steer Price

Post by Silver » Tue May 07, 2019 11:05 pm

farmfowls wrote:
Tue May 07, 2019 10:56 pm
kenny thomas wrote:
Tue May 07, 2019 10:09 pm
If your selling to someone for a beef it could be lots higher. Price i stated was the price for live slaughter steers and usually figured on grade and yield.
I see steers at as high as 4.50 a lb hanging weight if your selling private to someone for a beef.
From a 1350lbs Limousin how much of that is hanging weight? Is there a calculation I can do? Or a resource I can look at?
A Limo should hang at about 62% or maybe better. Of course to figure out meat yield a quick and dirty calculation is 2/3 of 2/3. So 1350 X 2/3 = 891 lbs. 2/3 of 891 is 588 lbs. That's a rather optimistic figure but it won't be too far off.

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Re: Finished Limousin Steer Price

Post by Son of Butch » Wed May 08, 2019 12:02 am

May 6, 2019 - the extreme top steer in Minnesota 1.24 lb live weight (mostly 1.19)
1400 lbs x 1.24 = $1736 hd - ($25 commission = $1711)
1400 x 1.19 = $1666

1400 x 62% = 868 lbs hanging weight
$1736 divided by 868 = $2.00 hanging weight plus processing (about 70 cents lb)

A well respected local butcher buys finished Angus steers from a well known producer
and he is selling 1/2s and 1/4s for $2.89 lb which includes basic processing and wrapped.

Des Moines - Boxed Beef 600 - 900 lbs usda choice 2.24 lb
IMO it'd take a heck of a sales pitch and a naive customer to get more than 2.24 lb plus processing.

I do know of 1 producer who delivers usda inspected grass fed beef to upscale restaurants for $3.99 lb hw plus processing (150 lb minimum and most of his deliveries are about 150 miles round trip)

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Re: Finished Limousin Steer Price

Post by farmfowls » Wed May 08, 2019 1:12 am

Silver wrote:
Tue May 07, 2019 10:20 pm
You can look at Chicago Merc for future prices to get an idea. Cash trade will be somewhat different.
https://www.cmegroup.com/trading/agricu ... attle.html
So is this representing finished feeder cattle too? :https://markets.businessinsider.com/com ... ttle-price
Last edited by farmfowls on Wed May 08, 2019 1:13 am, edited 2 times in total.

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Re: Finished Limousin Steer Price

Post by bird dog » Wed May 08, 2019 7:32 am

Try this for day to day pricing and other cattle related info.

http://www.agcenter.com/newcattlereport.aspx

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