Breed/Club Calf Sales

Discuss the ins and outs of the showring.
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farmer rich
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Postby farmer rich » Mon Sep 12, 2005 4:05 pm

I can see youre point AAOK, but what does the private seller/purchaser base his valuation on? Market value is generally determined by auction prices.

The reason cattlemen have no control over the price of their own product is because there are so many thousands of small producers who are unprepared to co-operate to counter the massive influence held by a small number of processers and an even smaller number of retailers.
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Jeanne - Simme Valley
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Postby Jeanne - Simme Valley » Tue Sep 13, 2005 6:52 am

JHH - steer looks good. With parents in the 4.5 - 6.3 range, he should be fine, unless there is an extreme somewhere in the background that he takes after. Height is important, but final weight is also. In our area, you want 1200-1350 range. Much heavier & they will balk at using him, even if he's great.

In a private treaty sale, it doesn't make any difference "where" the price comes from. If both parties are agreeable, than it is a good price. We base our prices on how much we want to keep that particular animal in our herd & what it would take to replace her.
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AAOK
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Postby AAOK » Tue Sep 13, 2005 12:17 pm

farmer rich wrote:I can see youre point AAOK, but what does the private seller/purchaser base his valuation on? Market value is generally determined by auction prices.


Not really. Market Value is simply the price at which something will sell within a reasonable period of time. This being on the open market, not in the confines of an auction.

As consumers, most people shop in retail stores and pay the price printed on the price tag. A sweater in a retail store is worth $34.95 because the tag says so. Three months later that same sweater may be on sale for $8.75, because it did not sell within the appointed period of time.

In a private treaty agreement, the buyer and seller must come to an agreement within a certain period of time. They may, or may not, be on the same time schedule.

Auction is immediate. The results are determined by the number of active bidders. More bidders favor the seller; fewer bidders favor the buyer.
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