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<blockquote data-quote="Jake" data-source="post: 847924" data-attributes="member: 4"><p>Great post. I think the cattle industry in general needs to improve upon locking up profitability when the chances are there. Ranchers are naturally optimistic but this has proven at time detrimental to some. With the marketing options that are out there today, everybody shoudl be looking at hedging their profit. Often times it is the inputs costs are the ones that can come up and bite somebody. Locking in feed and fuel costs will do way more to improve your bottom line than genetics simply because they can be handled with more consistency and greater accuracy. </p><p></p><p>This being said I don't want to downplay the importance of genetics, but the cattle industry has large generation intervals and the rate of genetic change is quite slow. It may take a producer years to turn a herd around and improve the genetic efficieny. </p><p></p><p>The combination of improved marketing and operational excellence is what can allow for increased profitability that is truely noticable.</p></blockquote><p></p>
[QUOTE="Jake, post: 847924, member: 4"] Great post. I think the cattle industry in general needs to improve upon locking up profitability when the chances are there. Ranchers are naturally optimistic but this has proven at time detrimental to some. With the marketing options that are out there today, everybody shoudl be looking at hedging their profit. Often times it is the inputs costs are the ones that can come up and bite somebody. Locking in feed and fuel costs will do way more to improve your bottom line than genetics simply because they can be handled with more consistency and greater accuracy. This being said I don't want to downplay the importance of genetics, but the cattle industry has large generation intervals and the rate of genetic change is quite slow. It may take a producer years to turn a herd around and improve the genetic efficieny. The combination of improved marketing and operational excellence is what can allow for increased profitability that is truely noticable. [/QUOTE]
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