no! no! no! that is just not true! there is an old saying that goes something like this:an most people dont care how much they spend on cattle.
"cattle bought right are cattle half sold"
that has never been more true than it is today. being a hobbyist or registered breeder and buying cattle right are not things that necessarily have to be mutually exclusive.
it doesn't matter if you're buying cattle to graze, cattle to feed, or registered cattle, you need to pay attention to the cost of those cattle going in. you doom yourself to failure by doing otherwise.