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Country Discussion Topics
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How much should I charge for 1/2 beef?
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Rob    Posted 05-17-2004 at 15:52:37       [Reply]  [Send Email]
Hello, I run stocker steers on my land in the summers and this year I'm going to keep one and finish him out on corn. I'm going to keep 1/2 and a friend of mine wants the other 1/2 of beef. I have just been running the numbers and if he pays me $1.00/lb on the hoof plus 1/2 of the processing fee from the butcher his cost will be around $663 for 263 lbs of beef of which about 50 lbs will be steaks and the rest hamburger and roasts. or an average cost per pound of $2.52.

Is this way to cheap? about right? If I took the steer to market he would bring around $0.87 to $0.93 per lb. I want to give him a fair deal, but I don't want to screw myself in the process.

Thanks ahead of time

Rob in Nebraska


buck    Posted 05-17-2004 at 20:47:11       [Reply]  [No Email]

Take the steer to the market, have it weighed and graded,pay the fees,take it to the slaughter house and let your friend pay for processing his half and then charge him the market price for that day plus the fees. This way the price will be decided by someone other than yourself and will be fair as that is what you would have gotten for the steer had you sold it. It do pay to be fair with friends. god luck


Chas in Me    Posted 05-17-2004 at 18:47:44       [Reply]  [No Email]
Friendship is a two way street. A friend will want you to make a profit just as you want to do well by him. I say, make the profit and take him out to dinner when he is tired of beef. LOL


Fern(Mi)    Posted 05-17-2004 at 16:45:32       [Reply]  [No Email]
Knowing our product, I look up the curent market steer selling prices at the live stock exchanges, then add ten cents. If market steers are selling at eighty cents, I get ninety cents. And, we handle the shipping.
Saving auctioners fees we make more money saved.
Fernan


cowlady    Posted 05-17-2004 at 16:35:33       [Reply]  [No Email]
We got $2.50 lb. in the freezer (processing included in that cost)back in the winter when prices were sky rocketing. Our scrubs were going for $1.10 at the auction. Generally we get $1.40-$1.60 and they pay processing which is running .45

If he is a friend, I agree with Clipper, just cover your costs.

However, past experience makes me want to warn you...Have the butcher cut TWO SEPARATE orders on your steer, with friend paying his own processing bill. That way he can get the cuts he wants and you aren't stuck with the fancy stir-fry, sirloin tip etc. cuts, which cost about double.



Dave Munson    Posted 05-17-2004 at 16:29:37       [Reply]  [No Email]
Rob,

My relatives charge me the same as every one else. Market + processing & what and how I want it bagged. Beef is priced by the hanging weight I believe.


Clipper    Posted 05-17-2004 at 15:56:52       [Reply]  [No Email]
If he's a friend then why does making $$$ on the deal factor into it at all?


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