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NEMO | You're missing the point entirely. If feed costs go down order buyers will absolutely bid more on calves because they have more money to play with. I'm not sure you're understanding the feedlot mind set. In about all situations in a large feedlot setting, costs and sales price are locked in on the board. They operate on a certain profit per head and stick to the program. The order buyers job is to fill the keep the feedlot in calves to be able to keep running with a set $/head. Make sense? | |
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cow/calf thoughts
