When it comes to beef, Angus cows are one of the most expensive in the world. Here are some of the reasons that Angus steers sell at such a premium. Read on to discover why these cows are so expensive and how you can buy them for less. Buying Angus beef is an excellent way to increase your yields and cut your costs at the same time. Read on to learn more about how you can buy Angus steers at the lowest price possible.
Angus cattle are known for their lean meat and high quality. They are also bred to be efficient grazers, which means they can produce high-quality beef with a low amount of feed. This makes them ideal for the modern farmer who wants to cut costs and maximize profits.
Angus cows have also been selectively bred for a long time, as early as the 19th century. This means that they have been bred to meet specific criteria that are meant to improve their productivity and overall health. For example, Angus cattle must have black hair in order to qualify as true Angus cows (otherwise they are considered “Angus type”).
The most important factor in determining the price of an Angus cow is the age of the animal when it was born and raised on its own farm throughout its life cycle until it reaches maturity at around two years old. Older animals will obviously be more expensive than younger ones because they have had more time to grow larger muscles and bones which require more feed and care over time.
Angus-based genetics have the highest premium
A recent meeting of the Red Angus Association of America (RAAA) highlighted the value of a program to market Angus-based genetics. This company has signed commitments with 35 feedlots to purchase at least 1 million head of cattle per year. Those cattle qualify for a premium of $50 per head above market value if they are derived from two or more generations of Angus genetics and exhibit growth traits that place them among the top 25% of the breed.
The HTP study is based on market manager reports on the price of calf carcasses derived from cattle that are high-percentage Angus genetics and from non-Angus lines. Market managers report on factors including weaning, health management, and fleshiness. The data are analyzed using science, performance data, and common sense. These factors are a major contributing factor to soaring premiums for Angus-based genetics.
The RAAA has implemented a USDA-verified genetic, source, and age-based certification program for the beef industry. The “Yellow Tag” is the most recognized and trusted symbol of Red Angus genetics and aids feedlots in identifying desired genetics at auctions. Brink brings over three decades of experience in the beef industry to his new role as CEO of the RAAA.
In terms of premiums, Angus-based genetics are the highest. Premiums of Angus heifers are often the highest in the world, as they have the best marbling and consistency. Angus cattle typically fall into the top USDA classifications, which is why they command the highest premium. It is important to note, however, that these premiums are not third-party standards. They are simply a factor to consider in addition to the USDA classification.
Angus calves sold at a premium
Angus calves have been sold at a premium in the cattle market for more than a decade. They were previously sold on the grid market for finished cattle, where they garnered a higher premium than other breeds. This was because, in 1999, Angus calves sold for $20 to $30 per head, compared to their non-Angus counterparts. However, some cattle producers wanted to earn even more premiums.
Despite their popularity, Angus genetics continue to pay off. Premiums for Angus calves fell in the Feeder Cattle Futures market, but they were lower than the overall decrease for feeder cattle. This is a clear indicator that Angus genetics pays off in any market. And while the premium for Angus calf prices decreased, the reduction was much less than the overall feeder-cattle price drop.
When selling calves, producers need to recognize the various alternatives and analyze them in terms of the costs and returns. Then, they should choose the best alternative based on the overall profitability and risk. A publication by a cattle marketer explains various factors related to selling calves and provides a detailed analysis. It covers cost, market structure, breed, and seasonality, among others. These factors may make marketing Angus calves more profitable.
Throughout the three years of the sale, Angus calves sold at a higher premium than the average. A large-frame calf, for instance, was sold for $1.36/cwt at a premium of nearly five times that of a thin-fleshed calf. Small-framed calves, on the other hand, were discounted much more heavily than fat ones.
Angus steers sold from 343c to 477c
Angus steers weighing 280kg to 330kg sold for between 343c and 477c, with the top price of 412c going to 24 EU-eligible Angus steers aged eight to ten months, weighing an average of 287kg from Denman, NSW. Feed steers weighing 200kg to 280kg sold for between 326c and 455c, averaging between 6c and seven cents.
Angus cattle sold in Tasmania numbered 334 head this week. Demand remained strong, with prices ranging from $960 to $2070 for a PTIC Angus cow. One buyer paid $2960 for an average of six hundred and twenty-five kilograms (kg). The top prices went to 44-46 month old PTIC Angus cows, and a heifer sold for an average price of $1729 to $3650. A few weaner steers sold in Queensland – ranging from 380c to $1080 – were Bongongo Angus and Fleckvieh heifers, weighing between 350kg and 370c.
Angus heifers sold from 343c to 477c
Angus heifers weighed between 280 and 400 kilograms sold from 343c to 477c this week, with averages of around 440c. A line of Angus x Charolais heifers aged eight to ten months and weighing an average of 287kg from Inverell, NSW, sold for top price at 487c. Heavy heifers of 400-plus kilograms sold from 371c to 475c, with a top price of 328kg being paid for a heifer of this age.
Angus heifers from Roma, QLD, sold from $343c to $477c, while Raff blood heifers from Kangaloon, NSW, went for $2260 to an Emerald, QLD buyer. The heifers averaged six hundred and twenty-four kilograms, and were sold to Hereford bulls. PTIC heifers sold from $1230 to $2650. The average price was $1779, while Bongongo Angus from Tumblong, NSW, sold for $491c to a buyer in Glenburn, VIC.