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Accuracy of local Market Report
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<blockquote data-quote="Ojp6" data-source="post: 1234949" data-attributes="member: 23608"><p>Market reports are usually most useful when looking at what the top end of each grade of cattle sell for. In general market reporters leave off the oddballs because putting on cattle that have a problem and not being able to describe what is wrong with them just makes the sale barn look bad. In my experience if something looks unreasonably cheap like the Hereford you mentioned there is something wrong with it or is just stale and has been traded around and the buyers know it. There are too many buyers and traders who see cattle sell every day that will keep stuff reasonably close to what it's worth because anything that seems a little down in the money can be traded to a different barn.</p></blockquote><p></p>
[QUOTE="Ojp6, post: 1234949, member: 23608"] Market reports are usually most useful when looking at what the top end of each grade of cattle sell for. In general market reporters leave off the oddballs because putting on cattle that have a problem and not being able to describe what is wrong with them just makes the sale barn look bad. In my experience if something looks unreasonably cheap like the Hereford you mentioned there is something wrong with it or is just stale and has been traded around and the buyers know it. There are too many buyers and traders who see cattle sell every day that will keep stuff reasonably close to what it's worth because anything that seems a little down in the money can be traded to a different barn. [/QUOTE]
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