‘Multiply the price of a steer calf times two, and that is the price you can afford to pay for a cow.’ Does this rule of thumb still hold true?
That and other common sayings in the cattle biz are the subject of a new fact sheet by Canfax.
“Rules of thumb can help evaluate the best option when time is limited,” the organization says in the fact sheet. “However, the cattle market has undergone significant changes in recent years and some of these rules of thumb need to be revisited and updated.”
The fact sheet includes a look at the price spread between steers and heifers and whether a bull is worth two times the value of a fat steer. It can be found on the Canfax website (opens in PDF).