Floor planning is a form of financing for large ticket items displayed on showroom floors. Floor planning is a form of financing for large ticket items displayed on showroom floors. Topics
In February, the average retail price per pound for beef was $3.87, up 12.4% versus a year ago, according to market research firm FreshLook Data. The average retail price for a pound of chicken was up 3.9% in February versus a year ago, turkey was up 5.4%, veal up 6.7% and pork up 10%. Among all meat production, beef producers typically incur some of the highest production costs. For example, costs for cattle farming are much higher than for poultry farming.
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..