Thank you for the info!
Kell-inKY - I completely agree with you. I didn't realize grass-only was an option. Can I really do that? If I could put them on grass-only, that would be great! And I will do that.
I'll see how they do with the barb wire fence. There are no cattle beside my farm. Only a hay field. The rest is either woods, or a person's house/yard. So hopefully, my cows won't be tempted to get out. But we will see.
I realized something last night and I need you guys/gals to tell me if I'm wrong. I realized that it will cost me about $2.50 per pound to buy a weaned steer. So at 300lb, that would be $750 that I would pay for the steer. When I go to sell him, the price is about the same or less. So at 800lbs (if I can get him that fat from spring to fall), I would sell him for let's say $2 per pound, that would be $1,600. That only leaves me with $850 to work with. By the time I give him his medical needs, worming, castration, hay, etc, I'm not going to make much money if any. Am I calculating this and understanding this correctly? I don't have a problem with it, since I'm not doing this for a living. But I always thought you could buy a calf for like $200 until I started googling cattle prices last night. Any insight is appreciated.
Thank you all.
Kell-inKY - I completely agree with you. I didn't realize grass-only was an option. Can I really do that? If I could put them on grass-only, that would be great! And I will do that.
I'll see how they do with the barb wire fence. There are no cattle beside my farm. Only a hay field. The rest is either woods, or a person's house/yard. So hopefully, my cows won't be tempted to get out. But we will see.
I realized something last night and I need you guys/gals to tell me if I'm wrong. I realized that it will cost me about $2.50 per pound to buy a weaned steer. So at 300lb, that would be $750 that I would pay for the steer. When I go to sell him, the price is about the same or less. So at 800lbs (if I can get him that fat from spring to fall), I would sell him for let's say $2 per pound, that would be $1,600. That only leaves me with $850 to work with. By the time I give him his medical needs, worming, castration, hay, etc, I'm not going to make much money if any. Am I calculating this and understanding this correctly? I don't have a problem with it, since I'm not doing this for a living. But I always thought you could buy a calf for like $200 until I started googling cattle prices last night. Any insight is appreciated.
Thank you all.