Choice-select spread

Backgrounding & feeding questions.
talltimber
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Choice-select spread

Postby talltimber » Wed Jun 21, 2017 9:07 am

What is it, and what do it do? What does this relationship tell us?

I'm assuming it's the price difference between the boxes of beef. What's in the box, something that's graded certainly.
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Dave
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Re: Choice-select spread

Postby Dave » Wed Jun 21, 2017 10:54 am

It is the difference in the price of hanging beef that grades choice and beef that graded select. It tells you if you should continue to feed cattle in an attempt to make choice or just market them in condition that would be graded select.
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RiverHills
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Re: Choice-select spread

Postby RiverHills » Wed Jun 21, 2017 1:15 pm

We sent some fats out that were killed on 6/6/17.
The steers were 15m average #1250

Hanging price
Select. $199.93


Choice. YG 2. $228.89.
YG 3-4 $228.69

Prime. YG 2 $240.75
YG 3-4. $240.54

CAB. $3.8 premium

Carcass Wt. 800 x $199.93 =$1599.44
$228.89 =$1831.12

That's $231.68 spread per head
It goes to show that people pay for quality!!!!
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Son of Butch
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Re: Choice-select spread

Postby Son of Butch » Wed Jun 21, 2017 2:32 pm

RiverHills wrote:It goes to show that people pay for quality!!!!

Goes to show that you will get docked for delivering lower quality!!!

current spread is 29 cents hanging weight between choice and select ($232 on 800# h.w.)
In reality it shows you how much you were docked for producing lower quality.... Select rather than Choice

currently 12 cent dock from Prime to Choice ($96 on 800# h.w.)
So 41 cent dock from Prime to Select ($328 dock on 800# h.w. from prime down to select)

1.50 lb live weight = $2.45 lb hanging weight
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Son of Butch
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Re: Choice-select spread

Postby Son of Butch » Wed Jun 21, 2017 2:41 pm

talltimber wrote: What's in the box, something that's graded certainly.

You got it... all the cuts from the steer that was graded except the liver, heart and tongue.
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