BeefTalk: Collaborative Thought Is Better Than Competitive Strategy
Kris Ringwall, Beef Specialist, NDSU Extension Service
Steer No. 2 was sold for $84.76 per hundredweight of live weight minus shrink (Oct. 23 six-state average price published by CattleFax). The steer weighed 1,375 pounds. Minus the 4 percent shrink, the steer’s pay weight was 1,320 pounds, or $1,118.83.
Is this a fair price to whoever owns No. 2? The start of this discussion on calf value rests with the fairness. However, the question is complicated and fairness is only one piece of a very large equation.