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I think I am pricing cattle too cheap!
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<blockquote data-quote="Warren Allison" data-source="post: 1847741" data-attributes="member: 40587"><p>He did make <em>me</em> the offer.. <em>He</em> priced them. I just felt bad because it will be 2 years after he gets them before he has a calf to sell. Today, the black polled ones would bring at least $2.50 a pound, probably closer to $3. And the other colored and horned ones, would bring at least $2 a pound. They gonna be between 400 and 450 when weaned. If he wanted to buy them to sell, he would probably make money on them. But he is going to raise them to be brood cows, so he is going to tie up over $50k, buying these 60 or so heifers. I gave $42,000 for the herd, so I now have nothing in the cows and the steer calves. Yeah, I <em>could</em> have done better selling them myself at weaning, but a bird in the hand, etc....</p><p></p><p> Different story on the Plummers. When I got them last year, I sold the 22 claves for a little over $1000 more than I gave for the pairs. So I had nothing in them. They have all calved by the same bull as last year. The heifers all weighed over 600, and the steers weighed 725 to one that weighed 755. The same man said he'd give $2.20/lb for this year's heifers when weaned in July, and $2.45 for the steers. These calves this year will weigh that or more, The cows have had a lot better nutrition since we got them. Those cows weighed an average of 1800 lbs when I got them, and probably are closer to 1900 now. So Pedro wanted to buy the cows, and I told him I would sell them in July for $3k each. But, he wanted to be breeding them in March - April. So, I told him he could buy the pairs now for $4500 ( a couple months ago). He said he didn't have that kind of money right now. I told him about the standing offer from Clay's boss...that he could sell the calves at weaning and they'd bring anywhere from $1320 each for the smallest heifers , to $1800 for the biggest steers. But he said he couldn't. He wanted to go ahead and pay me the $3k, take the herd, and bring the calves back to me in July. I didn't much want to do that. I told him he could buy the cows now, and we'd put them on the old dove field, and he could bring his bull there til they were all bred, but they would be $3100 each instead of $3k. So, we traded on that. Then last week he told me he was coming to get his bull out, and was bringing me the balance of $4500 a head. I feel like I just sold those guaranteed $1300-$1800 calves for $1400 each. And 12 or 13 of them were steers! So, I lost about $4800- $5200 more, that I would have made if I sold them myself. I should have put this on the "<em> stupidest thing I ever did</em>" thread. I should have told him they were $1500 more, not $1400, since we had already made a deal at $3100 a head for the cows. But he gave me a check for $99k, on a herd I had nothing in, and had made a little over $1k on the last year. But, one stay in the hospital or one open heart surgery, etc. , could wipe out $100k in the blink of an eye.</p></blockquote><p></p>
[QUOTE="Warren Allison, post: 1847741, member: 40587"] He did make [I]me[/I] the offer.. [I]He[/I] priced them. I just felt bad because it will be 2 years after he gets them before he has a calf to sell. Today, the black polled ones would bring at least $2.50 a pound, probably closer to $3. And the other colored and horned ones, would bring at least $2 a pound. They gonna be between 400 and 450 when weaned. If he wanted to buy them to sell, he would probably make money on them. But he is going to raise them to be brood cows, so he is going to tie up over $50k, buying these 60 or so heifers. I gave $42,000 for the herd, so I now have nothing in the cows and the steer calves. Yeah, I [I]could[/I] have done better selling them myself at weaning, but a bird in the hand, etc.... Different story on the Plummers. When I got them last year, I sold the 22 claves for a little over $1000 more than I gave for the pairs. So I had nothing in them. They have all calved by the same bull as last year. The heifers all weighed over 600, and the steers weighed 725 to one that weighed 755. The same man said he'd give $2.20/lb for this year's heifers when weaned in July, and $2.45 for the steers. These calves this year will weigh that or more, The cows have had a lot better nutrition since we got them. Those cows weighed an average of 1800 lbs when I got them, and probably are closer to 1900 now. So Pedro wanted to buy the cows, and I told him I would sell them in July for $3k each. But, he wanted to be breeding them in March - April. So, I told him he could buy the pairs now for $4500 ( a couple months ago). He said he didn't have that kind of money right now. I told him about the standing offer from Clay's boss...that he could sell the calves at weaning and they'd bring anywhere from $1320 each for the smallest heifers , to $1800 for the biggest steers. But he said he couldn't. He wanted to go ahead and pay me the $3k, take the herd, and bring the calves back to me in July. I didn't much want to do that. I told him he could buy the cows now, and we'd put them on the old dove field, and he could bring his bull there til they were all bred, but they would be $3100 each instead of $3k. So, we traded on that. Then last week he told me he was coming to get his bull out, and was bringing me the balance of $4500 a head. I feel like I just sold those guaranteed $1300-$1800 calves for $1400 each. And 12 or 13 of them were steers! So, I lost about $4800- $5200 more, that I would have made if I sold them myself. I should have put this on the "[I] stupidest thing I ever did[/I]" thread. I should have told him they were $1500 more, not $1400, since we had already made a deal at $3100 a head for the cows. But he gave me a check for $99k, on a herd I had nothing in, and had made a little over $1k on the last year. But, one stay in the hospital or one open heart surgery, etc. , could wipe out $100k in the blink of an eye. [/QUOTE]
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I think I am pricing cattle too cheap!
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