For the life of me I cannot realize anything that may, or may not, befall me remotely. A Day's Ride Charles James Lever British Dictionary definitions for remotely Expand
Step 1. Calculate your average Sell Price per head. In this example we will assume from live averages that you sold out cattle at $720/head (ex GST), as the average exit weight is currently 450kg and they may have sold at $1.60/kg (ex GST) from current website prices (QLD). Step 2. Estimate your Cost of Gain (COG).y using the example above of repurchasing cattle at 250kg, we then know from the average sale weight of 450kg, we can expect a weight gain of 200kg per animal. We then multiply this estimated weight gain by our COG figure from Step 2. Therefore, in this example our real COG would be: $260 ($1.30/kg x 200kg).
On a per lb basis, that's $0.70/lb for each 700 lb steer. Currently (as of December 19, 2012), and fortunately, prices for a 700 lb beef steer are much higher than that right now. The Triple J Livestock report puts steers in the 700-800 lb category at an average of $1.34/lb live-weight. See the related link below. The cost for beef on the hoof is on a per pound basis, in other words in the symbol of $/lb. A lot of cattle, however, are sold on a per hundred-weight basis, or $/cwt. The c is originally the acronym for cent which is the French word for hundred; wt is an acronym for weight..