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<blockquote data-quote="eric" data-source="post: 21844" data-attributes="member: 7"><p>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....</p><p></p><p>492 hd @ base weight of 650 lbs. ....sold for $89.25</p><p></p><p>So, $89.25 x 6.5=$580.13 / head (right so far?)</p><p></p><p>$580.13 x 492 hd = $285,423.96!!!! (correct?)</p><p></p><p>Am I figuring this out right? </p><p></p><p>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? </p><p></p><p>Besides Dun, who else has $300k laying around?</p></blockquote><p></p>
[QUOTE="eric, post: 21844, member: 7"] 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? [/QUOTE]
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