Cattle feeders, order buyers and bankers now have a tool from the Iowa Beef Center (IBC) to help them make cattle buying decisions. Garland Dahlke said the newly released “Cattle Bidder” app can help users determine maximum bids on feeder cattle purchases.
“The user enters the purchase and sale weights, the expected cost of gain and the desired margin, and the app calculates the maximum purchase price,” he said. “It’s a simple app, but is handy for buyers who know their cost of gain and expected market price by cattle type.”
The program also can account for potential death losses.
Cattle Bidder is for Android 2.2 phones and tablets, and is available as a free download from the IBC website and on Google Play.
Source: Iowa Beef Center