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question on /cwt average pricing
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<blockquote data-quote="J" data-source="post: 164800" data-attributes="member: 2167"><p>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. </p><p>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?)</p></blockquote><p></p>
[QUOTE="J, post: 164800, member: 2167"] 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?) [/QUOTE]
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