> Been mostly into show horses and
> I'm amazed by the cattle auctions
> on rfd-tv but cannot understand
> the prices. Would someone explain
> the bid prices that appear. I plan
> to attend our local auction this
> coming week. Thanks and I enjoy
> reading the postings.
Commercial cattle are sold by the pound. The auctioneer may be calling for a bid of .85 or $85 a hundred pounds. The cent figure may be broken down into quarter of a cent per pound. For example: .8525 or .8550 or .8575 which means 85.25 cents per pound.
Registered cattle and commercial cattle breeding stock can be sold by the head in full dollar incraments. Etc. $350 bid asking $400 and so on.
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