A cattle producer is considering retaining ownership on a set of steers that today average 710 lb with current market pr

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A Cattle Producer Is Considering Retaining Ownership On A Set Of Steers That Today Average 710 Lb With Current Market Pr 1 (35.2 KiB) Viewed 10 times

A cattle producer is considering retaining ownership on a set of steers that today average 710 lb with current market price of $158/cwt. The producer is considering putting these calves into a feedlot where they should finish at 1,350 lb 180 days later, with an estimated cost of gain of $89.50/cwt. 11. Relative to these steers, what is their current value in $/head? 12. Relative to these steers, what is the expected feedlot cost in $/head? 13. What is the break-even price (expressed in $/cwt) on these cattle as finished steers? 14. If these cattle actually sold as finished steers for $122.25/cwt, how much money would the producer make or loose per head?