G&D: Targets, Value and Marketing

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8 Terms

1
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"One the hoof"/Live price livestock selling

Live animals often sol at sale barns or from producer to producer

2
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"In the beef"/"on the rail"

Carcass price mostly bought by large operators and based on carcass weight and grades, not live ones.

3
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How are livestock values reported?

Per hundred pounds (cwt)

4
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Does cwt = carcass weight?

No!! It means price per 100lbs!

5
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Price report for poultry and turkeys

Cents per pound basis

6
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How to calculate total value

calculate price per pound then multiple by carcass weight (not live weight!)

7
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How to calculate carcass price

Live price/dressing percentage

8
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Rule of thumb for estimating ribeye size for beef

Live weight: 1.1-1.3 in^2 per 100lb

Carcass weight: 1.7-1.9 in^2 per 100lb