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.
Source: Iowa Beef Center