Twist,
Jason Kyle Bichsel
ATTENTION MEAT CONSUMERS....... As the packers continue to raise box beef prices to ridiculous prices spreads I would like to point out a few details. Right now with their box beef prices they are selling, it makess average fat cattle worth $235.71 per hundred weight in the meat. Translate that to what cash fat cattle should be worth is approximately 63.5% of the hanging weight. $235.72×63.5%= $149.67 per hundred weight is what cash fat cattle should be worth at that high of box beef prices. The average fat cattle prices this week have been $1.05 to $1.10. The packers are also getting a drop credit value at $107.72 of those cattle. If you take $149.76 what they should be worth -$110.00(at best)= $39.76 per hundred price difference. So if their butchering cattle weighing a average of 1,400lbs you take 14×$39.76=$556.64 profit to the packers. Wait you forgot to ad their bonus onto that! $107.72+$556.64= $664.36 PROFIT TO THE PACKERS!!!!!!! the farmers are LOSING $350 per head and the packers are PROFITING $664.36 per head. They are doing this with a smile everytime you go buy meat and sell cattle. Think about that for a minute.