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Are prices going down
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<blockquote data-quote="stocky" data-source="post: 458856" data-attributes="member: 1150"><p>Tmagspeara, I am sorry for you and the others who sold for those prices. Someone made a pile of money by taking those calves and reselling them. One good clue as to what kind of price protection the auction has is whether or not the auction company is buying the cattle at the set in price if there is no bid. If the auction company buys the cattle instead of backing up the price, at least they are reputable enough to not let the cattle get stolen. If they keep backing up the price until they get a bid, as a seller, stay as far away from that barn as you can. As a buyer, never miss one of their sales. It is an expensive lesson, but once again the lesson is learned "never take an animal to an auction that you are not prepared to bring back home". If you follow that rule, you will never be complaining about people taking advantage of you.</p></blockquote><p></p>
[QUOTE="stocky, post: 458856, member: 1150"] Tmagspeara, I am sorry for you and the others who sold for those prices. Someone made a pile of money by taking those calves and reselling them. One good clue as to what kind of price protection the auction has is whether or not the auction company is buying the cattle at the set in price if there is no bid. If the auction company buys the cattle instead of backing up the price, at least they are reputable enough to not let the cattle get stolen. If they keep backing up the price until they get a bid, as a seller, stay as far away from that barn as you can. As a buyer, never miss one of their sales. It is an expensive lesson, but once again the lesson is learned "never take an animal to an auction that you are not prepared to bring back home". If you follow that rule, you will never be complaining about people taking advantage of you. [/QUOTE]
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