cattle pricing

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I'm new to buying and selling cattle. When reading the market pricing, what is the difference between feeder cattle, and live or slaughter cattle? Live or slaughter cattle seem to be priced per head, but I'm not sure what the price for feeders are based on.

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Generally, feeder cattle are calves that have just been weaned and are bound for the backgrounders or feedlots. Live cattle are animals that have been through the feedlot and attained slaughter weight.


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