RFD TV Auctions

[DouginUtah]

I sometimes watch the cattle auctions. When they are auctioning 420# heifers and the bid is $190, is that per hundredweight?

Also what is meant by $6 payback (that may not be the right term). $150 freight adjustment means?

Just curious.

[redbeard]

Cant answer cattle auction questions but sure enjoy some of other segments on RFD channel like Tractor fever.

[Ironwood]

I dont have a TV, and had to look up RFD TV, thanks, looks interesting..


Ironwood

[fishpharmer]

Doug, I am confident the answer to your first question is yes, that is price per hundredweight. 

I am not sure about the other questions.  I think they are generally sold (or divided) by the tractor trailer load, or approximately 48,000 lbs.    Here is a link to the some auction results...

http://www.superiorlivestock.com/onlineCatalog/?auctionId=466

Never bought or sold a load at a time, yet ;).

[Mooseherder]

I can tell you the cost to the Store was 8.01 per lb. on Choice Strip Steaks this week.
They're right at 85% yield, 15% waste so the real cost is around 10 dollars per lb.  with more price increases coming because of small herds.
We have Strip Steaks on Sale for 8.99 this week.  That is the highest retail Sale price ever on them.  It used to be a profitable item.  Not anymore.
I used to love rfdtv but we don't get that channel anymore. :(

[Faron]

I think the term is "slide" as in a $6 slide.  If the cattle weigh a certain amount more than the estimated weight at delivery, then the price "slides back $6.00 to adjust for the heavier weight.   I can not remember the term, but they also sometimes sell mixed loads of steers and heifers.  They will then bid as if it were a load of steers, with a specification of how much less than the bid the heifers will sell for.   I assume the freight adjustment means the seller will contribute $150.00  toward the haul bill.  Evidently the standard on the auction is that the buyer is responsible for trucking.