Price, live weight - finished beef

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ksmit454
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Re: Price, live weight - finished beef

Post by ksmit454 » Sun Jun 28, 2020 11:41 am

Also: why do some sell live weight and some hanging weight? Are there pros and cons to either option?



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Re: Price, live weight - finished beef

Post by kenny thomas » Sun Jun 28, 2020 2:40 pm

Here it's questionable if it's legal to sell beef in any fashion. If you are selling live weight you are selling a living animal and there is no regulations about live animals.
My thoughts only, don't bet the farm on them. KT

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Re: Price, live weight - finished beef

Post by Dave » Sun Jun 28, 2020 3:00 pm

ksmit454 wrote:
Sun Jun 28, 2020 10:44 am
Jeanne - Simme Valley wrote:
Sun Jun 28, 2020 9:50 am
You are raping your customers, but, hey, if they are that stupid - go for it.
How much do they weigh now? How old are they now? How many pounds of grain are you or will you be feeding?
Wow raping huh? Ouch 😬. They are about 1,000lbs, 18mo old. I am graining them for 90 days, there at about 15lbs per day. I have one customer that offered $3.50/lb live weight.
Some people are so use to raising them for free that they think sell for anything over what Tyson etc will pay is highway robbery. Talked to a friend who lives mid way between Seattle and Portland a couple days ago. He said that the market there is hot as a pistol. People who have never owned cattle are buying. Anything coming to the auction that even looks close to butcher is selling for $1.75.
ksmit454, if you sell more than you have available let me know. At that price I would even pay the freight.

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Jeanne - Simme Valley
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Re: Price, live weight - finished beef

Post by Jeanne - Simme Valley » Mon Jun 29, 2020 4:44 pm

You have explained to them that their carcass will weigh 62% of their live weight, and they will get about 2/3 of that weight to put in their freezer??
So, if he gains 100#/mo, he will weigh 1300# X $3.50 = $4550 x 62% dressing weight = 806# less 1/3 = 532# for the freezer.
So, that's $4550 for 532# of meat = $8.55/lb
Out of that 532#, there will be ? about ? 120# of meat that can be made into good steaks. The other 412# also costs $8.55/lb.
https://www.google.com/search?q=beef+cu ... EyehUBlG2M

If they understand that and are happy at that price, go for it.
Price of carcasses currently by USDA for choice is $1.72 - So, your steer is worth about $1400 on the current market. Like I said, if they know what they are getting and are willing to pay, great for you. Of course, you are in California.
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Re: Price, live weight - finished beef

Post by Jeanne - Simme Valley » Mon Jun 29, 2020 4:49 pm

I wouldn't sell my finished steers for $1400 either, and I guess I would be jealous you can get $4550!!! I would get about $2450 for 750# carcass at 13 months of age - choice.
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Re: Price, live weight - finished beef

Post by Dave » Mon Jun 29, 2020 6:56 pm

As I said I sold a bunch of steers in the fall of 1969 for $0.73 a pound hanging. At that time gas was $0.25 a gallon. You could buy a new pickup for $3,000. A 50 HP tractor new was around $5,000. So by comparison what should beef be worth? Compared to the price of fuel, beef should be around $7.00 hanging. It is not that someone is charging too much. We (me included) aren't charging enough.

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Re: Price, live weight - finished beef

Post by Jeanne - Simme Valley » Mon Jun 29, 2020 8:43 pm

And my calculations above at $8.55/lb does not include the kill, cut, wrap & freeze price.
I was just wondering if you have gone over this information with your new potential buyers.
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Re: Price, live weight - finished beef

Post by JMJ Farms » Tue Jun 30, 2020 7:22 pm

Jeanne - Simme Valley wrote:
Mon Jun 29, 2020 4:44 pm
So, that's $4550 for 532# of meat = $8.55/lb
Out of that 532#, there will be ? about ? 120# of meat that can be made into good steaks. The other 412# also costs $8.55/lb.
Hamburger meat in grocery store here was $9/lb 2 weeks ago. Not sure what it is now.
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Re: Price, live weight - finished beef

Post by Jeanne - Simme Valley » Tue Jun 30, 2020 8:42 pm

Maybe the beef industry will make money this year!
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Re: Price, live weight - finished beef

Post by JMJ Farms » Tue Jun 30, 2020 9:26 pm

Jeanne - Simme Valley wrote:
Tue Jun 30, 2020 8:42 pm
Maybe the beef industry will make money this year!
Part of the industry will. But unfortunately I’m not in the right part :lol2:
Until we remember that the left wing and the right wing belong to the same bird and we come together as a nation then this country is in for more turmoil - Jogeephus

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Re: Price, live weight - finished beef

Post by ksmit454 » Tue Jun 30, 2020 11:36 pm

Jeanne - Simme Valley wrote:
Mon Jun 29, 2020 8:43 pm
And my calculations above at $8.55/lb does not include the kill, cut, wrap & freeze price.
I was just wondering if you have gone over this information with your new potential buyers.
Yes this buyer actually offered to pay the price per lb live weight. I let the customer offer to see what he was thinking as this is my first beef I’ve sold.

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Re: Price, live weight - finished beef

Post by ksmit454 » Tue Jun 30, 2020 11:38 pm

Jeanne - Simme Valley wrote:
Mon Jun 29, 2020 4:44 pm
You have explained to them that their carcass will weigh 62% of their live weight, and they will get about 2/3 of that weight to put in their freezer??
So, if he gains 100#/mo, he will weigh 1300# X $3.50 = $4550 x 62% dressing weight = 806# less 1/3 = 532# for the freezer.
So, that's $4550 for 532# of meat = $8.55/lb
Out of that 532#, there will be ? about ? 120# of meat that can be made into good steaks. The other 412# also costs $8.55/lb.
https://www.google.com/search?q=beef+cu ... EyehUBlG2M

If they understand that and are happy at that price, go for it.
Price of carcasses currently by USDA for choice is $1.72 - So, your steer is worth about $1400 on the current market. Like I said, if they know what they are getting and are willing to pay, great for you. Of course, you are in California.
Yes I agree with you there on the location... especially where we live, you wouldn’t believe the price that people pay for meat. We are in the foothill area of Ca so we get a lot of city and Bay Area people that are just willing to pay the price.

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Re: Price, live weight - finished beef

Post by ksmit454 » Tue Jun 30, 2020 11:38 pm

JMJ Farms wrote:
Tue Jun 30, 2020 7:22 pm
Jeanne - Simme Valley wrote:
Mon Jun 29, 2020 4:44 pm
So, that's $4550 for 532# of meat = $8.55/lb
Out of that 532#, there will be ? about ? 120# of meat that can be made into good steaks. The other 412# also costs $8.55/lb.
Hamburger meat in grocery store here was $9/lb 2 weeks ago. Not sure what it is now.

That was my thought too, beef in the store is spendy!!

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Re: Price, live weight - finished beef

Post by ksmit454 » Tue Jun 30, 2020 11:39 pm

Dave wrote:
Mon Jun 29, 2020 6:56 pm
As I said I sold a bunch of steers in the fall of 1969 for $0.73 a pound hanging. At that time gas was $0.25 a gallon. You could buy a new pickup for $3,000. A 50 HP tractor new was around $5,000. So by comparison what should beef be worth? Compared to the price of fuel, beef should be around $7.00 hanging. It is not that someone is charging too much. We (me included) aren't charging enough.
And yes, I couldn’t agree with you more there!

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Re: Price, live weight - finished beef

Post by sstterry » Wed Jul 01, 2020 5:33 am

ksmit454 wrote:
Sun Jun 28, 2020 10:44 am
I have one customer that offered $3.50/lb live weight.
Where are you located? I may want to move!

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