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North Western IL | 1015lbs x $3.6175= $3671
Vet $25
Interest $125
$0 death loss, trucking, puts/lrp
1500lbs pay weight x What is a reasonable number? $2.45 seems generous = $3675.
Now, I assume the feed must be free, he must be paying cash, he’s not going to lose any, no wear and tear on facilities or equipment, his bull rack runs on fairy dust, his tractor burns nothing but hopes and dreams, and he’s still banking the board rallying a considerable amount.
Wouldn’t it be easier go long the board and save the diesel fuel and time? Then you have $1Mill to throw in a CD and get nearly 5%. | |
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Steers $$$
