The formula to calculate the cattle value is:
\[ \text{CATV} = \text{CW} \times \text{PPP} \]
Where:
Cattle value refers to the total monetary worth of a group of cattle, calculated based on their total weight and the price per pound. This metric is essential for farmers and traders to determine the market value of their livestock.
Let's assume the following values:
Using the formula:
\[ \text{CATV} = 1500 \times 2.50 = 3750 \]
The Cattle Value is $3750.
Let's assume the following values:
Using the formula:
\[ \text{CATV} = 2000 \times 3.00 = 6000 \]
The Cattle Value is $6000.
