Question
Freddy 4-Her has a project lamb that he raised to sell at his local fair. Freddy purchased the lamb for $500 and the lamb weighed
Freddy 4-Her has a project lamb that he raised to sell at his local fair. Freddy purchased the lamb for $500 and the lamb weighed 80 lbs. Freddy owned the lamb for 80 days and sold the lambing weighing 145 lbs. During that time the lamb consumed 475 lbs of feed and the feed cost $22/50 lb bag. Calculate the average daily gain, feed efficiency (feed:gain), feed only cost of gain, breakeven per pound and total, and the total margin if Freddy sells the lamb for $11/lb at fair.
Bernardo Beefmaster has 50 cull cows that average 1100 lbs and he purchased them for $60/cwt. He fed the cows for 55 days and sold them at 1260 lbs for $65/cwt. The cows averaged about 30 lbs of feed per day, and cost $7/cwt. Calculate the average daily gain, feed efficiency (feed:gain), feed only cost of gain, breakeven per pound and total, and the total margin.
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