% drop what does this mean

[tuck]

I was watching RFD auction some steers and they kept saying 5 % drop or 7% drop. Some of them would not be delivered until a few months later, does this have to do with the weight not being matched as predicted. Also I saw some heifers sale that said $ 7.00 back what does that mean?

 

[bigbull338]

I was watching RFD auction some steers and they kept saying 5 % drop or 7% drop. Some of them would not be delivered until a few months later, does this have to do with the weight not being matched as predicted. Also I saw some heifers sale that said $ 7.00 back what does that mean?

the 5% is the shrink that they allow on weight of the calves.$7 back is if a steer brings $1.20 a lb.the heifers will sale for $1.13 a lb.hence the $7 back.