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).
From Table 1 you can see that the lowest price per pound was reported for the 700-pound feeder steers, at $1.23 per pound. Alternatively, when feeder steer prices are expressed as dollars per head, the 300-pound feeder steer value was the lowest at $501 per head. The highest value was $861 per head for the 700-pound feeder steer.