HDRider
Well-known member
I want to ask you guys to help me understand how to make money in the cattle business. Maybe the question really is; "If you can make money in the cattle business".
I am going to use
Current Live Cattle Price - https://www.cmegroup.com/trading/agricultural/livestock/live-cattle.html
and
Current Beef Cutout Price - http://beefcutoutcalculator.agsci.colostate.edu/
Let's assume a live weight 1,000 pound steer
Current Live Weight Price is $0.855 per pound making the steer worth $855
The current cutout value of that same steer is $1,264 with approximate weights of hanging 620 pounds and 430 pounds of retail cuts
The full retail value at the supermarket of that 1,000-pound steer is about $6.50 per pound averaged over the different cuts, including hamburger. That puts the retail value of that steer at around $3,000.
Do you take any issue with this as a premise?
I am going to use
Current Live Cattle Price - https://www.cmegroup.com/trading/agricultural/livestock/live-cattle.html
and
Current Beef Cutout Price - http://beefcutoutcalculator.agsci.colostate.edu/
Let's assume a live weight 1,000 pound steer
Current Live Weight Price is $0.855 per pound making the steer worth $855
The current cutout value of that same steer is $1,264 with approximate weights of hanging 620 pounds and 430 pounds of retail cuts
The full retail value at the supermarket of that 1,000-pound steer is about $6.50 per pound averaged over the different cuts, including hamburger. That puts the retail value of that steer at around $3,000.
Do you take any issue with this as a premise?