HDRider
Well-known member
Feeder cattle are about $153 right now. 400# sells for $612.
Live cattle are $116. 1,000# sells for $1,160.
Using my numbers from before
The difference between the $1,160 I would get selling a steer into the rigged market and the $2,100 I would get selling the same steer as freezer beef is profit for someone other than me. On top of the $2,100 is the revenue to my local processor of about $450. My steer then creates $2,550 in local revenue for me and my processor.
Think about who gets that other $1,390 ($2,550 -$1,160) in the rigged market. It would go to the retailer, the wholesaler and the distributor.
Live cattle are $116. 1,000# sells for $1,160.
Using my numbers from before
The difference between the $1,160 I would get selling a steer into the rigged market and the $2,100 I would get selling the same steer as freezer beef is profit for someone other than me. On top of the $2,100 is the revenue to my local processor of about $450. My steer then creates $2,550 in local revenue for me and my processor.
Think about who gets that other $1,390 ($2,550 -$1,160) in the rigged market. It would go to the retailer, the wholesaler and the distributor.