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.
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