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Is shrink a measurement of volume? Please explain shrink.
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Posted 10/30/2014 21:58 (#4152890 - in reply to #4152856)
Subject: RE: Is shrink a measurement of volume? Please explain shrink.


SEON
WJKEIGER - 10/30/2014 21:42

" before I accuse the warehousers and merchants of being a crooked business "

Well , I believe there are some out there. Years ago we had more corn than needed for silage, so we hired a guy to shell a few acres for us. I contacted a feed mill to sell it, took a load there, and he tested moisture at maybe 18% or so. He docked us some weight for being over 15% moisture. I understand being docked if he was going to dry it, but he did not dry it. Instead it went straight into a bin that fed directly into the hammer mill and would be ground into feed that day. We unloaded say, 10,000 lbs., got paid for the number of bushels at say, 9,500 lbs., but when he ground it, he ground 10,000 lbs. and he sold 10,000 lbs. of ground corn. I say he got 500 lbs of corn from me at no cost, then sold it at his mark-up price. The buyer of the feed got shafted some also as the feed would have been at higher moisture resulting in a little less feed in the bag had it been lesser moisture. Am I right in my way of thinking?

Yeah they hit you with shrink and most times they blend. But they take alot of risk too sometimes. I heard a local elevator graded some wheat at grade 2 last year but it went grade 3 for fusarium IIRC when the elevator trucked it to the port.
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