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<blockquote data-quote="Anonymous" data-source="post: 21848"><p>Eric -- sometimes it's just buying for individuals or small partnerships that are well funded and that are fairly major players. I've got one individual client that tries to keep about 3,500 calves on feed year around. He feeds at a feedyard way down in Starr county near the Texas-Mexico border. It's common for him to put up 30% of the price of the calves as equity and the banks will loan the 70% balance plus the feed costs until closeout. But obviously to do things on this scale you need to have substantial net worth and need to understand the risk/reward relationships, hedging, etc. I'll guarantee one thing though --- people feeding way down there in Starr county, that sold a high portion of the calves to the Mexican market, obviously were none too pleased with the BSE problem and Mexico cutting off US imports! Arnold Ziffle</p></blockquote><p></p>
[QUOTE="Anonymous, post: 21848"] Eric -- sometimes it's just buying for individuals or small partnerships that are well funded and that are fairly major players. I've got one individual client that tries to keep about 3,500 calves on feed year around. He feeds at a feedyard way down in Starr county near the Texas-Mexico border. It's common for him to put up 30% of the price of the calves as equity and the banks will loan the 70% balance plus the feed costs until closeout. But obviously to do things on this scale you need to have substantial net worth and need to understand the risk/reward relationships, hedging, etc. I'll guarantee one thing though --- people feeding way down there in Starr county, that sold a high portion of the calves to the Mexican market, obviously were none too pleased with the BSE problem and Mexico cutting off US imports! Arnold Ziffle [/QUOTE]
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