Live Cattle Bid Pricing Assignment| Worth 10 points YOU MUST SHOW YOUR CALCULATIONS IN ORDER TO RECEIVE CREDIT PUT CORRECT UNITS WITH EACH ANSWER ** ROUND TO TWO DECIMAL PLACES WHERE ROUNDING IS NEEDED * Assume a cattle weight of 1,500lb/hd, and a boxed beef price of $250/ dressed cwt (Choice, YG 13 ). Byproducts are valued at $15/ live cwt. The packer applies a discount of $27/ cwt for select, and the sale lot is estimated to consist of 15% select. The expected dressing percentage is 62.5% The packer estimates $300/ hd in slaughtering and fabrication costs, and profit margin. Calculate the following: a. Adjusted boxed beef price ( 3pts) : b. Convert to liveweight price ( 2pts) : Calculate the following: a. Adjusted boxed beef price ( 3pts) : b. Convert to liveweight price (2pts) : c. Add the byproducts value (1pt) : d. Finally, calculate the live cattle bid price ( 4pts) : Live Cattle Bid Pricing Assignment| Worth 10 points YOU MUST SHOW YOUR CALCULATIONS IN ORDER TO RECEIVE CREDIT PUT CORRECT UNITS WITH EACH ANSWER ** ROUND TO TWO DECIMAL PLACES WHERE ROUNDING IS NEEDED * Assume a cattle weight of 1,500lb/hd, and a boxed beef price of $250/ dressed cwt (Choice, YG 13 ). Byproducts are valued at $15/ live cwt. The packer applies a discount of $27/ cwt for select, and the sale lot is estimated to consist of 15% select. The expected dressing percentage is 62.5% The packer estimates $300/ hd in slaughtering and fabrication costs, and profit margin. Calculate the following: a. Adjusted boxed beef price ( 3pts) : b. Convert to liveweight price ( 2pts) : Calculate the following: a. Adjusted boxed beef price ( 3pts) : b. Convert to liveweight price (2pts) : c. Add the byproducts value (1pt) : d. Finally, calculate the live cattle bid price ( 4pts)