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Cattle market headed south?
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<blockquote data-quote="Frankie" data-source="post: 584113" data-attributes="member: 13"><p>Most feedlots run on borrowed money. If they can't borrow money, they'll pay less for cattle. Have a friend who runs a pharmacy in a small rural town. He fills a lot of Medicare and Medicade prescriptions. If Medicare and Medicade don't pay within the 30 days that his suppliers bill, he has to use his line of credit until they do pay. I hope he can stay in business with this tightening of the lending market. If that small town loses that pharmacy, it will be harder on the older people to get their meds. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite3" alt=":(" title="Frown :(" loading="lazy" data-shortname=":(" /></p></blockquote><p></p>
[QUOTE="Frankie, post: 584113, member: 13"] Most feedlots run on borrowed money. If they can't borrow money, they'll pay less for cattle. Have a friend who runs a pharmacy in a small rural town. He fills a lot of Medicare and Medicade prescriptions. If Medicare and Medicade don't pay within the 30 days that his suppliers bill, he has to use his line of credit until they do pay. I hope he can stay in business with this tightening of the lending market. If that small town loses that pharmacy, it will be harder on the older people to get their meds. :( [/QUOTE]
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