Explain TV Auction

[Chuckie]

I just hooked up to satellite TV, and turned on RFD-TV, and a pasture of heifers was up for auction. It had to be at least 20 or more in the herd. I have been to registerd auctions and at a local sale barn where you bid on one cow at a time. The last time I saw some steers being sold, they went for $1.03 a pound. Registered cattle, you just buy the cow. These heifers sold for 124.35. 124.35 for what?

 

[dun]

I would think that woild be per cwt for the whole bunch. There is usually also a slide figure for those that are outside of the average.

dun

 

[la4angus]

These heifers sold for 124.35. 124.35 for what?

$124.35 per 100 lb.

 

[jscunn]

I have another question. I was watchgin the ChiAngus sale on RFD TV and they were cheap ($700 for 1100# bulls ). There was this premium in the bottom right hand corner is this some CHI Angus performance matrix that I am not aware of or was this tacked on?

 

[jcarkie]

what is the slide? i watch all the time

 

[SF]

I've seen these comments before about RFD TV. What is it? Is this a pay channel somewhere? I have satellite tv, but I don't think I get RFD TV.
Just wondering.

 

[Chuckie]

SF, on Dish Network, it is channel 9409. Seems I heard someone say that RFD is on 349 or in that area on Direct. Thanks for clearing that up. What level are they selling to? The middle man or the packing house?

 

[Rookie]

I've seen these comments before about RFD TV. What is it? Is this a pay channel somewhere? I have satellite tv, but I don't think I get RFD TV.
Just wondering.

In my area it is channel 379 on DirecTV.

george

 

[SF]

Thanks. I have it after all. I don't get to watch a lot of tv and there are lots of channels that I've never even seen
Thanks again

 

[Mahoney Pursley Ranch]

9409 where I am too. Did not know I got it either. :roll: :cboy:

 

[jerry27150]

here you bid on a whole pen of cows at the sale barn, sometimes 2 or 3 pens or they will gate cut sometimes if you only want a few

 

[Chuckie]

If I don't explain this correctly, someone straighten me out so I won't repeat this to someone else, then they will know that I have no idea what I am talking about. I talked to my fellow cow expert and he told me that the slide is more or less an average weight of each cow in the herd. If the average weight is 500, then 500 lb cow brings 1.24 per pound on hoof. If another one comes in at 450 in the herd, then they give you a little more, like 1.30, to make it come out to the average 500 pounder. Then if you have one that weighs 550, they cut the price so that it will still come out as the average weight cow. They may cut it down to 1.18. All the numbers I used were just examples before someone tells me I slept through math class!

 

[la4angus]

If I don't explain this correctly, someone straighten me out so I won't repeat this to someone else, then they will know that I have no idea what I am talking about. I talked to my fellow cow expert and he told me that the slide is more or less an average weight of each cow in the herd.

Your cow expert is dead ass wrong.

Lets say there is a set of calves with an estimated wt. if 625 at delivery time 4 mo. later. They sell for $1.65 per cwt. with a $.10 slide. If they weigh 645 at delivery time they will be discounted $.10 per lb. If they weigh 595 they will bring a $.10 premium. The price slides up or down depending on which side of the estimated sale day weight the cattle fall on.
Hope this isn't to confusing as it is pretty simple.

 

[cherokeeruby]

Your cow expert is dead ass wrong.

Lets say there is a set of calves with an estimated wt. if 625 at delivery time 4 mo. later. They sell for $1.65 per cwt. with a $.10 slide. If they weigh 645 at delivery time they will be discounted $.10 per lb. If they weigh 595 they will bring a $.10 premium. The price slides up or down depending on which side of the estimated sale day weight the cattle fall on.
Hope this isn't to confusing as it is pretty simple.

So the ideal outcome is to get them to 620# and realize the full price anticipated plus $.10?

 

[Chuckie]

My cow expert may of said the same thing you said and I wasn't understanding how he was explaining it.