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(14 News Evansville)   Our long national nightmare is finally over after a Illinois man finds his 13 missing cattle... in his neighbor's yard after someone left a gate open. In other news, 13 cattle are worth $25,000   (14news.com) divider line 42
    More: Weird  
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1295 clicks; posted to Main » on 21 Jun 2014 at 7:22 AM (13 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-06-21 12:09:22 AM
That'd be about right- 14 cattle would be worth about $25,000.oo.  Now- McDonalds gets about 400 burgers from each bovine from their meat suppliers.  Now figure out with billions and billions served- what? 5 billion now- that'd be 1,250,000 cattle.
 
2014-06-21 12:23:43 AM

Trailltrader: That'd be about right- 14 cattle would be worth about $25,000.oo.  Now- McDonalds gets about 400 burgers from each bovine from their meat suppliers.  Now figure out with billions and billions served- what? 5 billion now- that'd be 1,250,000 cattle.


I'd think you'd get a lot more than 400 burgers from a fully grown cow, or is that just the parts that end up being ground into hamburger meat?
 
2014-06-21 12:44:41 AM
Surprised it's not more, they must be lightweights. Beef prices are ridiculous right now.
 
2014-06-21 07:26:16 AM

Trailltrader: That'd be about right- 14 cattle would be worth about $25,000.oo.  Now- McDonalds gets about 400 burgers from each bovine from their meat suppliers.  Now figure out with billions and billions served- what? 5 billion now- that'd be 1,250,000 cattle.


I think McDonalds hamburger patties are 1.6 oz.
 
2014-06-21 07:30:31 AM
www.reluctantgourmet.com

Not news.
 
2014-06-21 07:41:06 AM

Trailltrader: That'd be about right- 14 cattle would be worth about $25,000.oo


I disagree - that's a bit much for cattle.  I suspect this is one of those cases where the price is overinflated by the owner.
 
2014-06-21 07:47:37 AM
They were free roving bovine, they had it their way.

/obscure
 
2014-06-21 07:50:00 AM
Subby must be from the city....

Hog prices are ridiculous right now as well, due to porcine epidemic diarrhea virus (PEDV) that is running rampant through hog farms.  My dad has been lucky so far with it (hasn't had a case of it) and as a result is selling hogs at top dollar.  Between this and corn prices a few years ago he predicting that he can retire in a few years.

/not bad for a full time family farmer
 
2014-06-21 07:50:36 AM

TuteTibiImperes: Trailltrader: That'd be about right- 14 cattle would be worth about $25,000.oo.  Now- McDonalds gets about 400 burgers from each bovine from their meat suppliers.  Now figure out with billions and billions served- what? 5 billion now- that'd be 1,250,000 cattle.

I'd think you'd get a lot more than 400 burgers from a fully grown cow, or is that just the parts that end up being ground into hamburger meat?


You're right. Considering the whole pink slime thing.
 
2014-06-21 07:54:14 AM
Here is what some beef is going for right now,
http://coyotecreekfarm.org/beef/pricing/
Those prices are if you like really good beef.
 
2014-06-21 07:55:01 AM

JoieD'Zen: They were free roving bovine, they had it their way.

/obscure


They eat to grow, they grow to die.
Die to be eat at the hamburger fry.
Cows well done.
 
2014-06-21 08:02:00 AM

gfid: I disagree - that's a bit much for cattle. I suspect this is one of those cases where the price is overinflated by the owner.


They were bringing about $2.20 in the ring two weeks ago.
 
2014-06-21 08:02:15 AM
Food prices are out of control.
+
25% inflation in 10 years.

Sometimes I feel like you can either build equity and live your life scratching out an existence, or spend your money on things like quality food, and an occasional vacation, and forget about building any modicum of wealth.
 
2014-06-21 08:06:25 AM

EdNortonsTwin: you can either build equity and live your life scratching out an existence, or spend your money on things like quality food, and an occasional vacation, and forget about building any modicum of wealth.


That's sort of the idea.  Wealth is for the wealthy.  Money is for the serfs.  To spend on things.  To keep the wealthy wealthy.  When they said "consumer culture", they meant it.
 
2014-06-21 08:08:26 AM

lindalouwho: JoieD'Zen: They were free roving bovine, they had it their way.

/obscure

They eat to grow, they grow to die.
Die to be eat at the hamburger fry.
Cows well done.


I shouldda known you would pick that up.
 
2014-06-21 08:16:27 AM
For those who don't know - Cows With Guns
 
2014-06-21 08:34:04 AM

gfid: Trailltrader: That'd be about right- 14 cattle would be worth about $25,000.oo

I disagree - that's a bit much for cattle.  I suspect this is one of those cases where the price is overinflated by the owner.


You haven't been following the beef markets lately.  These were Angus steers.  At $25,000 for 13 head, that would be about $1925/head.  Feeders are going right at $2.25/lb  so if these steers were around 850 lbs, an pretty middling kind of weight for feeders, he'd be right on.

If you want to get high-priced cattle, try buying a breeding bull with great EPD's or a bred-back cow with a calf at her side.  Those are pretty pricey.
 
2014-06-21 08:36:24 AM

gfid: Trailltrader: That'd be about right- 14 cattle would be worth about $25,000.oo

I disagree - that's a bit much for cattle.  I suspect this is one of those cases where the price is overinflated by the owner.


Let's say they average a thousand pounds. If they brought just two dollars a pound they are worth thirty grand. Note that a thousand pounds is well below slaughter weight. Also two dollars a pound is on the low end price potential. I'm just using round numbers.
 
2014-06-21 08:50:49 AM

EdNortonsTwin: Food prices are out of control.
+
25% inflation in 10 years.

Sometimes I feel like you can either build equity and live your life scratching out an existence, or spend your money on things like quality food, and an occasional vacation, and forget about building any modicum of wealth.


That's actually quite a low level of inflation. Food costs as a percentage of median income are WAY lower than they were when I was a kid in the '70s.
 
2014-06-21 08:55:39 AM
BeefProtein is expensive.

I was curious how this banal story made it into the media -- though not Fark, good job, subby -- and looked up Wayne County, IL. Population, 16,760: they'll be talking about the day the cattle wandered out of the open gate for the next three generations.
 
2014-06-21 08:58:52 AM

Land_of_the_Magic_Dragon: gfid: Trailltrader: That'd be about right- 14 cattle would be worth about $25,000.oo

I disagree - that's a bit much for cattle.  I suspect this is one of those cases where the price is overinflated by the owner.

Let's say they average a thousand pounds. If they brought just two dollars a pound they are worth thirty grand. Note that a thousand pounds is well below slaughter weight. Also two dollars a pound is on the low end price potential. I'm just using round numbers.


Well, the bulls get twice that weight, and the cattle are Angus.  Knowing that, the value is being placed about $1-$2/lb.  I'd be interested at that price, because if I could butcher it myself, I'd save a fortune.
 
2014-06-21 09:12:55 AM
i.imgur.com
 
2014-06-21 09:16:52 AM

lack of warmth: Land_of_the_Magic_Dragon: gfid: Trailltrader: That'd be about right- 14 cattle would be worth about $25,000.oo

I disagree - that's a bit much for cattle.  I suspect this is one of those cases where the price is overinflated by the owner.

Let's say they average a thousand pounds. If they brought just two dollars a pound they are worth thirty grand. Note that a thousand pounds is well below slaughter weight. Also two dollars a pound is on the low end price potential. I'm just using round numbers.

Well, the bulls get twice that weight, and the cattle are Angus.  Knowing that, the value is being placed about $1-$2/lb.  I'd be interested at that price, because if I could butcher it myself, I'd save a fortune.


I was using nice round numbers. Two dollars is low end price for steers. I'm also saying a thousand pounds as a easy number to multiple. That's not slaughter weight. If your considering feeding out a calf consider a holstien. Bucket calves are cheaper and the beef is perfectly fine.
 
2014-06-21 09:42:10 AM

Mr. Right: If you want to get high-priced cattle, try buying a breeding bull with great EPD's or a bred-back cow with a calf at her side. Those are pretty pricey.


The guy I was leasing my little patch of pasture to overgrazed me to the point that I terminated the lease with him and I'm going to let the pasture sit for a year or two. Got to talking to a buddy about it and he suggested that we mend the fence in a few places while the pasture is laying out and then buy a bred back cow and calf and keeping her bred with the neighbor's bull. We pretty much have to this jointly as they're just too farking high for either of us to go solo.
 
2014-06-21 09:42:58 AM

LazyMedia: That's actually quite a low level of inflation. Food costs as a percentage of median income are WAY lower than they were when I was a kid in the '70s


Forget it, he's rolling.
 
2014-06-21 09:46:06 AM

mtrac: BeefProtein is expensive.

I was curious how this banal story made it into the media -- though not Fark, good job, subby -- and looked up Wayne County, IL. Population, 16,760: they'll be talking about the day the cattle wandered out of the open gate for the next three generations.


I like the idea of a 92yr old farmer and a simpler country life. 

/people complicate life
 
2014-06-21 10:02:40 AM
U.S. Feeder-Cattle Futures Hit New Record High

Feeder cattle for August delivery, the front-month contract, rose 1% to $2.0262 a pound at the Chicago Mercantile Exchange CME +0.03%. Prices earlier reached an all-time intraday high for a front-month contract of $2.0347 a pound.
 
2014-06-21 10:04:57 AM
My high school football team used to play Fairfield in the regular season.

/that's all I have to contribute to this conversation
//my family farmed crops, not livestock
///threes
 
2014-06-21 10:08:17 AM

EdNortonsTwin: Food prices are out of control.
+
25% inflation in 10 years.

Sometimes I feel like you can either build equity and live your life scratching out an existence, or spend your money on things like quality food, and an occasional vacation, and forget about building any modicum of wealth.


I choose quality food and one small road trip vacation a year over accumulating wealth.  What good is money 30 years from now if I have to eat lousy now?  It's not like I really expect to be alive 30 years from now anyway.  Even if I do make it that long I'm still going to be working and enjoying it.
 
2014-06-21 10:21:31 AM
i.imgur.com
 
2014-06-21 10:24:28 AM
Cattle have to be a little expensive or there wouldn't be a financial incentive to be a rancher.
 
2014-06-21 10:27:58 AM

shanrick: Nervous System - carbohydrates rich


Wait what? Really? Lipids I know but carbohydrates?
 
2014-06-21 10:29:01 AM

JoieD'Zen: They were free roving bovine, they had it their way.

/obscure


No. No, Cows With Guns is definitely not obscure.
 
2014-06-21 10:49:52 AM

mtrac: BeefProtein is expensive.

I was curious how this banal story made it into the media -- though not Fark, good job, subby -- and looked up Wayne County, IL. Population, 16,760: they'll be talking about the day the cattle wandered out of the open gate for the next three generations.


Meh, protein isn't expensive, animal flesh is.  Whole-grain rice and beans contain a lot of protein, and don't cost much.

I'm not a biologist, but I think that it probably doesn't contain all the essential amino acids, but works as a basic stable.  Not that I would say anything bad about animal flesh, I think its delicious.
 
2014-06-21 11:56:08 AM
Nightjars:Meh, protein isn't expensive, animal flesh is.

http://www.bloomberg.com/news/2014-06-18/paleo-dieters-suffer-as-pan er a-fights-protein-price-jump.html

Anecdotally, since I eat little meat, everything has soared in recent years.

Consumers are experimenting more with non-meat protein, as well, in part to find cheaper sources of the nutrient, according to the study. Along with obvious choices such as yogurt, nuts and seeds, more are flocking to pea powders, quinoa and lentils.
 
2014-06-21 11:56:55 AM

gfid: Trailltrader: That'd be about right- 14 cattle would be worth about $25,000.oo

I disagree - that's a bit much for cattle.  I suspect this is one of those cases where the price is overinflated by the owner.


That is just under $2k per cattle. Rough estimates are that a single cow yields about 600 lbs of usable meat, putting the average price at about $3/lb wholesale, not counting differences in price between the various cuts of meat.

So, yes, $2k per head of cattle is a pretty reasonable estimate.
 
2014-06-21 12:09:50 PM

Dancin_In_Anson: Mr. Right: If you want to get high-priced cattle, try buying a breeding bull with great EPD's or a bred-back cow with a calf at her side. Those are pretty pricey.

The guy I was leasing my little patch of pasture to overgrazed me to the point that I terminated the lease with him and I'm going to let the pasture sit for a year or two. Got to talking to a buddy about it and he suggested that we mend the fence in a few places while the pasture is laying out and then buy a bred back cow and calf and keeping her bred with the neighbor's bull. We pretty much have to this jointly as they're just too farking high for either of us to go solo.


Yeah, the prices of breeding stock are almost speculative in nature.  We used to hear about syndicating race horses.  Anymore, they're doing it with breeding bulls.  They're even syndicating top cows and flushing them and selling embryos.

Pretty sure those prices won't last much beyond the drought recovery/herd build-up phase we're in. Regardless of where prices go,  however, the days of $5/lb steaks are long gone.
 
2014-06-21 12:57:30 PM
Having BBQd in both states recently, I can tell you a 13lb brisket in Colorado goes for about $65. In Texas, that brisket is about $32.

/HEB might be the best thing about Texas
//Still not as cool as the legal weed here
 
2014-06-21 01:23:24 PM

mtrac: BeefProtein is expensive.

I was curious how this banal story made it into the media -- though not Fark, good job, subby -- and looked up Wayne County, IL. Population, 16,760: they'll be talking about the day the cattle wandered out of the open gate for the next three generations.


Illinois' 101 counties are crazy disparate in their population. It's a big-ass state (literally, southern il goes on forever).

When Quinn won in 2010 it was with a majority in only 2 counties. This causes the nutters to rant and rave that if 99 counties didn't like him why should he be elected. They ignored the fact that 60% of the population is in those 2 counties and that counties as a unit don't vote.
 
2014-06-21 06:19:10 PM

lack of warmth: Well, the bulls get twice that weight, and the cattle are Angus.


True enough, but you won't find many ranchers with "a herd of bulls".  It just doesn't work out that way.

/We will run free with the buffalo or die!
 
2014-06-21 09:30:18 PM

Burr: Subby must be from the city....

Hog prices are ridiculous right now as well, due to porcine epidemic diarrhea virus (PEDV) that is running rampant through hog farms.  My dad has been lucky so far with it (hasn't had a case of it) and as a result is selling hogs at top dollar.  Between this and corn prices a few years ago he predicting that he can retire in a few years.

/not bad for a full time family farmer


My friend works at a few barns and his company had to stop using deaths as part of their calculations for bonuses because no one would get one with all the deaths.
 
2014-06-22 07:18:34 PM

gfid: Trailltrader: That'd be about right- 14 cattle would be worth about $25,000.oo

I disagree - that's a bit much for cattle.  I suspect this is one of those cases where the price is overinflated by the owner.


That sounds bout right. And land can go for north of $10,00K an acre in parts of illinois.
 
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