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.
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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