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Resale

Another option is to resale the animal to the processing plant for the current market price.  By selling the carcass to the processor you will not take the meat home.   You will however get a discount off your price per pound.  This discount is based off the current market price per species which change daily.  Check the sale catalog for today’s current market price.

Example of market prices:

check Beef --> $0.90 / lbs

check Hogs --> $0.66 / lbs

check Sheep --> $1.46 / lbs

check Goats --> $1.30 / lbs

For this choice you will be responsible to pay for the difference between your bid and the current market price.

EXAMPLE OF RESALE COSTS

Your winning bid for a steer was $3.00/lb for a 1250lb steer (3 x 1,250=3750)
$3,750
Market price on auction day for beef is $0.90/ pound (.90x 1250=1,125
$1,125
Cost Buyer = bid price less market price (3,750 – 1,125=2.625)
$2,625

Your auction purchase is tax-deductible to the extent permissible by law.  For further information contact your tax professional.