The final heifer economic concept that I want to discuss is how to determine the economic value of a November 1998 bred heifer. I am going to use these same projected numbers to determine the value of a bred 1998 heifer. Sale barn prices are typically driven off of current calf prices while economic value is driven off future calf prices. The difference between these two values gives the profit projection for owning a 1998 bred heifer for her first seven calf crops. Food for thought.
Tough times call for tough decisions.