How to read Market Reports

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What does "cwt" mean?

CWT refers to the cost of the animal per one hundred pounds.

Example: if a steer is 125.50 cwt, that means that for every hundred pounds the steer weighs, you pay $125.50.

Furthermore, if a steer is 125.50 cwt, that also means that for every one pound the steer weighs, you pay $1.25 ½ (one dollar, twenty-five and a half cents).

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What does "HD" mean?

HD simply means “head”.  As in: the price you pay is for one animal (its ‘head’), regardless of weight.

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What does "NT" mean?

NT stands for “no test”.  When you see this, the market report is saying that there are not enough animals in that weight class to represent a market.