Live weight price to hanging weight price

rrlund · May 12, 2015

$1.50 a pound live weight for a nice grain fed Angus steer equates to what price per pound hanging?

I just went to test the scale to weigh a steer that has to go to the slaughter house and one got a foot caught in the cord on a load bar,now the screen just says "UL". According to the book,that means there's a broken wire somewhere. We need to switch to plan B and just go with a hanging weight price that's equal to that $1.50 live weight.

They'll hang 60-65% of live,I thought I knew the formula but algebra never was my strong suit. Thanks.

Dell (WA) · May 12, 2015

Lund........take yer live weight and multiply it by 1.65 that'll gittchur hangin' weight value. .......mathematically challenged Dell

rrlund · May 12, 2015

So $2.475,does that sound right?
I knew it was something that simple,but can't get things through my head sometimes. (oftentimes)

K Effective · May 12, 2015

a 1000 pound live weight steer at $1.50 per pound would gross $1500, right? $1500 for a 650 pound carcass is $2.31 per pound, for a 600 pound carcass is $2.50 per pound. Your multiplier varies from 1.54 to 1.67, depending on yield.

I always sell by hanging weight; the butchers scale seems more accurate to me and my customers. Plus, the butcher charges by the pound hanging weight, so we are working with the same number, easier to understand for some people.

I sold for $3.25 per pound hanging this spring, which was not enough to buy back the same number of animals from "my guy", who went up to $2.79 per pound live weight for the stockers...

Good place to be, waiting list of customers, but now not enough money to buy even the same number of animals- I have to cull some customers, or maybe, just raise the price high enough to let them cull themselves. When I see Aldi's selling steaks for $6.99 per pound, I figure I must be too cheap.

Tx Jim · May 12, 2015

(quoted from post at 13:25:08 05/12/15)

They'll hang 60-65% of live,I thought I knew the formula but algebra never was my strong suit. Thanks.

I'm curious what breed of cattle you have that will have a hanging weight at 65% of on the hoof weight?

rrlund · May 12, 2015

I just did the math from Dell's figure. On a 1300 pounder,it figures to about $20 less than it comes to live weight at $1.50. Close enough for government work as they say.
It's Royce that's buying,so I want to be fair.

rrlund · May 12, 2015

Angus,grain fed. 65% might be a little light if you read about the $20 difference between live and hanging weight total. Keep in mind I'm talking hanging,not cut and wrapped weight.

JMS/.MN · May 12, 2015

I remember learning that steers cut out about 70% of live, hogs about 60%.

rrlund · May 12, 2015

I'm gonna quit doing math before my head explodes. Now I'm coming up with a higher total price even using 65% at $2.475.

Iowa Jim · May 12, 2015

Simple math.

Just divide the live weight price by the dressing percentage.

Sparktrician · May 12, 2015

RRlund, I use a multiplier of 1.66666. That equals 60% ratio of live weight to hanging weight. Works well for us.

K Effective · May 12, 2015

60-65% live to hanging weight, then about 80% hanging to the package, means about 50% live to package, DEPENDING on cuts- toss out the soup bones/tail/shank and yield goes down. Usually does not include the offals (heart, liver, tongue, etc.), which actually raise yield. Customer has a big influence on actual yield by the cuts they want and those they pass up on. Of course, the guy with the knife in his hand has the most power, you gotta like your butcher.

cool hand · May 12, 2015

This is how I have always figured it. Yield 65% of live weight. $1.50 live wt. price divided by 0.65 = $2.31/lb.

Nebraska Cowboy · May 12, 2015

(quoted from post at 19:25:08 05/12/15) $1.50 a pound live weight for a nice grain fed Angus steer equates to what price per pound hanging?

I just went to test the scale to weigh a steer that has to go to the slaughter house and one got a foot caught in the cord on a load bar,now the screen just says "UL". According to the book,that means there's a broken wire somewhere. We need to switch to plan B and just go with a hanging weight price that's equal to that $1.50 live weight.

They'll hang 60-65% of live,I thought I knew the formula but algebra never was my strong suit. Thanks.

Work in the beef packing industry, industry standard to 63%, if it is better you get the up. 65% is hard to get to unless the cattle are very long fed and very fat

rrlund · May 12, 2015

OK,I sat here with the calculator trying to figure it out. 62% was about as close as I could come when trying to come up with the same price per head figuring live vs hanging. It's up to Royse,he's buying. I'm not hard to get along with.

ASG · May 12, 2015

I have been getting around 2.57/lb hanging and customers are happy. $1.50 live seems low for angus, most are bringing $1.60 in our area (2.58 hanging). Holsteins run around $1.49 (2.57 hanging).

Royse · May 12, 2015

We'll make it work Randy. Let's see what they say hanging
weight is and go from there. Think we can get them to
weigh it both ways just so we know for sanity sake?
Whatever works out fair to both sides.

rrlund · May 12, 2015

I'll ask when I drop it off. I don't know if they can weigh them live or not. I'll have to make a trip to Clare to drop off those load bars and have them checked.

rrlund · May 12, 2015

I sold four through the sale barn last week. I got $1.475 for one,$1.51 for one and the other two brought $1.515,so a buck and a half averages out OK.

Determined · May 12, 2015

I am north of your border but I watch the cattle market daily on both sides.
As of this morning feedlot asking prices in the southern US were 1.63-1.64 [live weight]
Northern US feedlot asking prices were 2.60-2.62 [rail]
This should give you an idea of what the packing plants conversion #s are.

john in la · May 12, 2015

For less than $10 you could weigh your truck; trailer; and cow on a scale at the truck stop then get a reweigh with the empty trailer on the way home.

But taking the middle and figuring 63%
100 lbs X $1.50 = $150
$150 / 63 lbs = $2.3809 per pound.

rrlund · May 12, 2015

It's a long ways to a truck stop. I used to sell three of four to a BTO. He'd give some of his top employees a half every year. We weighed the truck and trailer at the dairy for him,but I don't want to pull in there and bother them with it.

rrlund · May 12, 2015

I've been as high as $1.57 this spring,but just north of $1.50 has been about average. With no commission or anything,a buck and a half about hits it square on the head.

Traditional Farmer · May 12, 2015

Quarries are good to weigh too,one about 5 miles from me leaves the scales open all the time so locals like me can pull across their scales to get a weight no charge.Handy on a weekend if I'm selling a calf or something like that.If you need a certified weight they do that during business hrs for $10.

ss55 · May 12, 2015

Grain elevators and feed mills have truck scales. Are you a member of any nearby farm co-ops?

rrlund · May 12, 2015

Nope. There is the scrap yard. I hadn't thought about that.

CliffP · May 12, 2015

(quoted from post at 13:25:08 05/12/15) $1.50 a pound live weight for a nice grain fed Angus steer equates to what price per pound hanging?

I just went to test the scale to weigh a steer that has to go to the slaughter house and one got a foot caught in the cord on a load bar,now the screen just says "UL". According to the book,that means there's a broken wire somewhere. We need to switch to plan B and just go with a hanging weight price that's equal to that $1.50 live weight.

They'll hang 60-65% of live,I thought I knew the formula but algebra never was my strong suit. Thanks.

I thought this would be a good check on results of how my money is being used for my kid's college education, so I posed the problem to him. I will try to make some sense of his response, but you have to understand that it was way over my pay grade. So here goes.

At 60% of Live Wt. - Use the multiplier of 1.67

At 65% of Live Wt. - Use the multiplier of 1.54

At 62.5% of Live Wt. - Use the multiplier of 1.605

He said that if you are seller you like 60%
That if you are the buyer you like 65%
So I told him you were both friends, so figure half way in between, hence the 62.5% number.

Using 1000 pounds as an example.

1000 # LW * $1.50 = $1500
1000 # * 60% = 600 # HW
$1.50 * 1.67 = $2.505
600 # HW * $2.50 = $1500

1000 # LW * $1.50 = $1500
1000 # * 65% = 650 # HW
$1.50 * 1.54 = $2.31
650 # HW * $2.31 = $1501.50
In checking this example,
$1500 / 650 # = $2.307

1000 # LW * $1.50 = $1500
1000 # * 62.5% = 625 # HW
$1.50 * 1.605 = $2.4075
625 # HW * $2.40 = $1500

Multiplier * price per pound live weight = price per pound hanging weight

To determine the multiplier for any other percentages you choose, just divide 100 by the percentage and you have a new multiplier.

rrlund, My brain hurts now, but I just wanted to maybe help you see what you were trying to find out.

Cliff

notjustair · May 12, 2015

For hogs I use 72.5%. All you need to do is decide what your percentage will be for cattle, putt the live weight in, then DEVIDE by that percentage (0.725) and that will give you the live weight. I find that by doing this and using those numbers I end up just about five pounds off of the weight from the butcher. They don't like weigh them all, but if it will work out for them they do it.

Royse · May 12, 2015

"All you need to do is decide what [b:e637f68994]your percentage[/b:e637f68994] will be for cattle"

That seems to be the problem NJA, this number isn't a constant.
It varies from breed to breed and within the same breed from
steer to steer depending on feed, height, width, head size etc.
There's probably an average, but not an absolute value.
I'm curious to see what it actually works out to be though.

Anyone know what the ratio is between the packaged meat
and how much weight I will gain? That one seems to run
the opposite direction!

BradyW · May 13, 2015

Just wondering what your steers have weighed in the past? My Black Angus steers on the hoof finished nice at 1200 # pounds. I guess, if I was selling to a customer and your farming and finishing practice had not changed? Maybe your position should be that, rather than trying to apply the SWAG method (scientific wild-asss guess) In cases like this it seems to better have a historical argument than not.

bison · May 13, 2015

(quoted from post at 13:31:09 05/12/15)

(quoted from post at 19:25:08 05/12/15) $1.50 a pound live weight for a nice grain fed Angus steer equates to what price per pound hanging?

I just went to test the scale to weigh a steer that has to go to the slaughter house and one got a foot caught in the cord on a load bar,now the screen just says "UL". According to the book,that means there's a broken wire somewhere. We need to switch to plan B and just go with a hanging weight price that's equal to that $1.50 live weight.

They'll hang 60-65% of live,I thought I knew the formula but algebra never was my strong suit. Thanks.

Click to expand...

Work in the beef packing industry, industry standard to 63%, if it is better you get the up. 65% is hard to get to unless the cattle are very long fed and very fat

had once a double muscled limousin steer that dressed out at 82 %.
1350 lb on the hoof,..1107 lb HHW

K Effective · May 13, 2015

The people I deal with are definitely showing the move from red meat and seem happy with smaller lots of meat on a regular basis (once a year). This year I sold 22 head, with hanging half weighing from 330 (about 1000 live weight) down to 240 (about 800 live). Good marbled quality in quantity that doesn't fill two freezers for two years. True, I am not in it to make money, I obviously love it and consider the 90 loads of manure we spread in our vineyard as my profit- have not put commercial fertilizer on the grapes in 20 plus years. I know, I work hard and get paid sh...

Live weight price to hanging weight price

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