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John brought five 22 month old Charolais cross heifers to the factory - Leaving Cert Agricultural Science - Question c - 2020
Question c
John brought five 22 month old Charolais cross heifers to the factory. The table is a copy of the kill out sheet John received from the factory. | Tag ... show full transcript
Worked Solution & Example Answer:John brought five 22 month old Charolais cross heifers to the factory - Leaving Cert Agricultural Science - Question c - 2020
Step 1
Using the heifer price table, calculate the money John got paid for his animals.
Answer
To calculate the money John got paid, we will use the heifer factory price per kg based on their conformation and fat grades.
- Heifer 1 (U 2+, 342 kg): 342 kg * 418 cent/kg = 142,236 cent
- Heifer 2 (R+, 365 kg): 365 kg * 404 cent/kg = 147,460 cent
- Heifer 3 (R-, 375 kg): 375 kg * 398 cent/kg = 149,250 cent
- Heifer 4 (U 2+, 400 kg): 400 kg * 418 cent/kg = 167,200 cent
- Heifer 5 (R4+, 390 kg): 390 kg * 383 cent/kg = 149,370 cent
Total Money Received:
Total = 142,236 + 147,460 + 149,250 + 167,200 + 149,370 = 755,516 cent
Step 2
If John’s heifers were all graded at U+3+ determine how that would affect his overall profit?
Answer
If all heifers were graded U+3, they would be valued at 418 cent/kg. Calculating the potential income:
Total kg = 342 + 365 + 375 + 400 + 390 = 1,842 kg
Potential income = 1,842 kg * 418 cent/kg = 771,396 cent
Profit Impact: John would earn 771,396 cent - 755,516 cent = 15,880 cent more if all heifers were graded at U+3.
Step 3
Justify why did the factory give a price reduction for the heifer grading at R+4.
Answer
The factory likely reduced the price for heifers graded at R+4 due to their lower conformation quality compared to higher grades like U+3 or R+. Heifers with lower conformation often have less desirable meat quality, leading to diminished demand and lower prices offered by the factory. Price reductions are common in the market to reflect these quality differences.