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Angus and SimmAngus bull sale - Calhoun, GA
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<blockquote data-quote="simme" data-source="post: 1827972" data-attributes="member: 40418"><p>A little information about bull test costs and reasons for minimum bids.</p><p></p><p>Producers pay for their bulls to be tested. Notice that all bulls are genomic tested. That costs around $50/bull plus cost of sample collection - not much, but adds to out of pocket expense prior to delivery to the test. Notice that the top 2/3 of the bulls in each breed sell per the catalog. The remaining 1/3 do not sell, but the producer still has to pay the cost of testing of those bulls. On average, consign 3 bulls, pay for testing 3 bulls, but get income from 2 bulls. Sell the third bull from home as a bull that did not pass the test. This test is an 84 day test, Clemson test is a 112 day test. I don't know about costs for this test, but cost for test at Clemson is around $1800/bull. Hopefully a little less here for a shorter test.</p><p></p><p>These bulls appear to finish test in the 1400 to 1500 pound range. Think about the current price for fed cattle at these weights. Hopefully a bull buyer would be ok paying at least the value of a fed steer. I think most bull tests have a minimum bid since the owners cannot "no sale" a bull during the sale. A way to provide some amount of price protection. Any producer who sells a bull for that minimum bid did not come out very well.</p></blockquote><p></p>
[QUOTE="simme, post: 1827972, member: 40418"] A little information about bull test costs and reasons for minimum bids. Producers pay for their bulls to be tested. Notice that all bulls are genomic tested. That costs around $50/bull plus cost of sample collection - not much, but adds to out of pocket expense prior to delivery to the test. Notice that the top 2/3 of the bulls in each breed sell per the catalog. The remaining 1/3 do not sell, but the producer still has to pay the cost of testing of those bulls. On average, consign 3 bulls, pay for testing 3 bulls, but get income from 2 bulls. Sell the third bull from home as a bull that did not pass the test. This test is an 84 day test, Clemson test is a 112 day test. I don't know about costs for this test, but cost for test at Clemson is around $1800/bull. Hopefully a little less here for a shorter test. These bulls appear to finish test in the 1400 to 1500 pound range. Think about the current price for fed cattle at these weights. Hopefully a bull buyer would be ok paying at least the value of a fed steer. I think most bull tests have a minimum bid since the owners cannot "no sale" a bull during the sale. A way to provide some amount of price protection. Any producer who sells a bull for that minimum bid did not come out very well. [/QUOTE]
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Angus and SimmAngus bull sale - Calhoun, GA
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