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Express Angus Ranch Yukon, OK
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<blockquote data-quote="inyati13" data-source="post: 1050019" data-attributes="member: 17767"><p>TexasBred. I realize you did not literally mean a shell game. A shell game is not even close to what you are talking about. What you are describing is an auction where the price is established privately , thus , the auction is a farce. That is illegal. I have heard these deals occur and I have no doubt they do. But it would certainly be a civil or criminal violation of laws regulating commerce. But enough of that. It is still a market albeit an illegal one. Here is a question I have for you or anyone. What would keep me from going to the auction and bidding against the "preset or agreed to price." Charlie Boyd was at the auction. I know him and I pass his farm on US 62 on the way to my farm every day. What if Charlie is not briefed on the "preset plan?" What if he wants one of these animals where the sale has been pre-arranged? What keeps him from throwing a wrench into the plan? I guess the logical answer is who would care, the seller would just get more money! Thus, the preset price sets a floor. Be hard to catch that kind of illegal commerce!!!!</p><p></p><p>I will give you an experience where I think people sometimes jump to conclusions that are not founded in fact. I was at the Paris, KY Elite Heifer Sale last fall. The first 6 lots of heifers went through and they were going for about $2200 a piece. The guy next to me was telling me that they always fix the price on the first lots through the ring to get prices up. He assured me the price would come down. Not only did the price not come down but it went up from there. He still may have been right. I think we all know stuff happens so I am not naive. It is easy to think because some of the cows (and some of those cows that sold were the Number One cows in the Angus breed based on EPDs, and I mean that literally) sold for $200,000 and up that it is fixed. But those cows are going to be flushed for years and their embryos are going to sell. Just do the math on the number of embryos a cow can produce over a life span.</p></blockquote><p></p>
[QUOTE="inyati13, post: 1050019, member: 17767"] TexasBred. I realize you did not literally mean a shell game. A shell game is not even close to what you are talking about. What you are describing is an auction where the price is established privately , thus , the auction is a farce. That is illegal. I have heard these deals occur and I have no doubt they do. But it would certainly be a civil or criminal violation of laws regulating commerce. But enough of that. It is still a market albeit an illegal one. Here is a question I have for you or anyone. What would keep me from going to the auction and bidding against the "preset or agreed to price." Charlie Boyd was at the auction. I know him and I pass his farm on US 62 on the way to my farm every day. What if Charlie is not briefed on the "preset plan?" What if he wants one of these animals where the sale has been pre-arranged? What keeps him from throwing a wrench into the plan? I guess the logical answer is who would care, the seller would just get more money! Thus, the preset price sets a floor. Be hard to catch that kind of illegal commerce!!!! I will give you an experience where I think people sometimes jump to conclusions that are not founded in fact. I was at the Paris, KY Elite Heifer Sale last fall. The first 6 lots of heifers went through and they were going for about $2200 a piece. The guy next to me was telling me that they always fix the price on the first lots through the ring to get prices up. He assured me the price would come down. Not only did the price not come down but it went up from there. He still may have been right. I think we all know stuff happens so I am not naive. It is easy to think because some of the cows (and some of those cows that sold were the Number One cows in the Angus breed based on EPDs, and I mean that literally) sold for $200,000 and up that it is fixed. But those cows are going to be flushed for years and their embryos are going to sell. Just do the math on the number of embryos a cow can produce over a life span. [/QUOTE]
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