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<blockquote data-quote="Craig-TX" data-source="post: 21854" data-attributes="member: 39"><p>They are going to the slaughter houses. Either the packer will have an agent there or somebody will buy them, haul them to the packer and sell them – hopefully at a profit. </p><p></p><p>If nobody bids the salebarn owner buys the animal at the price he started bidding. That's one of the things that keep salebarns honest. He's got to know the market that week and not start bidding too low (he will look stupid) but not too high (he will own it). He makes his money by getting producers to bring their product to him. He has an interest in getting them full market price. He also wants all the buyers to show up. The way to get them to come every week is to have plenty of quality stock. So it all builds upon itself. It's a classic example of the free market at work. </p><p></p><p>Craig-TX</p></blockquote><p></p>
[QUOTE="Craig-TX, post: 21854, member: 39"] They are going to the slaughter houses. Either the packer will have an agent there or somebody will buy them, haul them to the packer and sell them – hopefully at a profit. If nobody bids the salebarn owner buys the animal at the price he started bidding. That’s one of the things that keep salebarns honest. He’s got to know the market that week and not start bidding too low (he will look stupid) but not too high (he will own it). He makes his money by getting producers to bring their product to him. He has an interest in getting them full market price. He also wants all the buyers to show up. The way to get them to come every week is to have plenty of quality stock. So it all builds upon itself. It’s a classic example of the free market at work. Craig-TX [/QUOTE]
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