App helps cattle feeders make buying decisions

App helps cattle feeders make buying decisions

Iowa Beef Center 'Cattle Bidder' smartphone and tablet app helps users determine maximum bids on feeder cattle purchases

The Iowa Beef Center has released a new smartphone and tablet app to help cattle feeders, order buyers and bankers make cattle buying decisions.

Garland Dahlke of IBC explains the new "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.

Iowa Beef Center 'Cattle Bidder' smartphone and tablet app helps users determine maximum bids on feeder cattle purchases

The Cattle Bidder app is available for Android 2.2 phones and tablets. Find it on the IBC website and on Google Play.

Source: Iowa Beef Center

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