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<blockquote data-quote="Son of Butch" data-source="post: 1196690" data-attributes="member: 14585"><p>Central Livestock Albany Mn </p><p>November 12, 2014</p><p>sold 125 head of colored feeder steers weighing between 495# - 615#</p><p>the top 13 steers out of the 125 hd averaged 543# 2.90 lb $1575 hd</p><p>the top 100 steers out of the 125 hd averaged 549# 249.55 $1370 hd</p><p></p><p>Plug in whatever numbers are right for your operation. </p><p>But 80-85% of the producers in Minnesota using 1500 per calf would only be fooling themselves.</p><p>Warren Buffet's advice "Purchase price is what you pay, the purchase value is what you receive.</p><p>If the purchased value does not project to return 10% per year walk away and seek a different investment."</p></blockquote><p></p>
[QUOTE="Son of Butch, post: 1196690, member: 14585"] Central Livestock Albany Mn November 12, 2014 sold 125 head of colored feeder steers weighing between 495# - 615# the top 13 steers out of the 125 hd averaged 543# 2.90 lb $1575 hd the top 100 steers out of the 125 hd averaged 549# 249.55 $1370 hd Plug in whatever numbers are right for your operation. But 80-85% of the producers in Minnesota using 1500 per calf would only be fooling themselves. Warren Buffet's advice "Purchase price is what you pay, the purchase value is what you receive. If the purchased value does not project to return 10% per year walk away and seek a different investment." [/QUOTE]
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