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4. You purchase a group of calves that average 865 pounds for $1.47 per pound to finish out in your feedlot. You plan to finish

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4. You purchase a group of calves that average 865 pounds for $1.47 per pound to finish out in your feedlot. You plan to finish them at 1,350 pounds and estimate you can feed them for $0.92 per pound of gain plus $80 per head for all non-feed costs. What is your breakeven price per pound for the finished cattle in this scenario? (2 points)

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