J
Well-known member
Ok I've been watching the sale reports of 3 local sale barns in my area for some time now. I have only bought cows at per head prices, (bred cows) but I have been keeping up with per hundred weight prices too, so heres my question.
The reports give a low and high price for each weight class. (300-400 .lbs No.1 Steers: $140-$165) Okay Since I dont know the number of head sold in that weight class and the price they brought, is it okay to assume an average of $153/cwt for that weight class? I know the lighter ones generally sell higher/pound and the heavier sell lower/lb. So I guess it kind of evens out. But assuming the 153/cwt average if I multiply that time 3.5 the mid weight of that class is that an accurate way of calculating prices? (153x3.5=535.50?)
The reports give a low and high price for each weight class. (300-400 .lbs No.1 Steers: $140-$165) Okay Since I dont know the number of head sold in that weight class and the price they brought, is it okay to assume an average of $153/cwt for that weight class? I know the lighter ones generally sell higher/pound and the heavier sell lower/lb. So I guess it kind of evens out. But assuming the 153/cwt average if I multiply that time 3.5 the mid weight of that class is that an accurate way of calculating prices? (153x3.5=535.50?)