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Is there any way to make money in the cattle business?
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<blockquote data-quote="HDRider" data-source="post: 1628451" data-attributes="member: 17025"><p>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".</p><p></p><p>I am going to use </p><p>Current Live Cattle Price - https://www.cmegroup.com/trading/agricultural/livestock/live-cattle.html</p><p>and</p><p>Current Beef Cutout Price - http://beefcutoutcalculator.agsci.colostate.edu/</p><p></p><p>Let's assume a live weight 1,000 pound steer</p><p></p><p>Current Live Weight Price is $0.855 per pound making the steer worth $855</p><p></p><p>The current cutout value of that same steer is $1,264 with approximate weights of hanging 620 pounds and 430 pounds of retail cuts</p><p></p><p>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.</p><p></p><p>Do you take any issue with this as a premise?</p></blockquote><p></p>
[QUOTE="HDRider, post: 1628451, member: 17025"] 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? [/QUOTE]
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Is there any way to make money in the cattle business?
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