Posted 5/22/2020 12:58 (#8273492 - in reply to #8273436) Subject: RE: Another perspective
I like this paragraph he wrote:
Imagine a triangle, if you will. Feed and money are on the bottom and cattle go on the top. The reason is money and feed are the foundation. If we don’t manage these properly the foundation crumbles and the rest falls in. We’ve seen this before when things get dry; people spend money to buy feed. They eventually run out of money, then they run out of feed and then they are forced to sell cattle, and usually at a time when the markets are depressed. Then they have nothing. This can easily be avoided by managing the inventory triangle better.