eric
Well-known member
I was watching an auction the other day on RFD TV....and my wife and I couldnt figure out who was buying these cattle. Example: Lot # 46....
492 hd @ base weight of 650 lbs. ....sold for $89.25
So, $89.25 x 6.5=$580.13 / head (right so far?)
$580.13 x 492 hd = $285,423.96!!!! (correct?)
Am I figuring this out right?
Who has $285,000 to buy cattle? Is it the meat companies buying these cattle, or can a big time rancher go to a lender and get the money?
Besides Dun, who else has $300k laying around?
492 hd @ base weight of 650 lbs. ....sold for $89.25
So, $89.25 x 6.5=$580.13 / head (right so far?)
$580.13 x 492 hd = $285,423.96!!!! (correct?)
Am I figuring this out right?
Who has $285,000 to buy cattle? Is it the meat companies buying these cattle, or can a big time rancher go to a lender and get the money?
Besides Dun, who else has $300k laying around?