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Someone is bullish on the market
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<blockquote data-quote="Dave" data-source="post: 1689923" data-attributes="member: 498"><p>Most buyers need a whole lot more calves than what they contract from one rancher that is why they are back at the sale every week. They may pay a bit more for contracted cattle simply because they haven't gone through the sale with that additional stress and exposure to bugs they haven't been exposed to in the past. The auction relies on there being several buyers wanting the same class of animals. Thus competition in bidding. And in that case they will sell for the market value on that day. Most buyers are contract employees. They get paid based on how many animals they get bought (paid on a % or by the head). They get told what class of animals to buy and the maximum to pay. If they get them bought cheaper the boss is happy. But that only happens if there is no one pushing them higher.</p></blockquote><p></p>
[QUOTE="Dave, post: 1689923, member: 498"] Most buyers need a whole lot more calves than what they contract from one rancher that is why they are back at the sale every week. They may pay a bit more for contracted cattle simply because they haven't gone through the sale with that additional stress and exposure to bugs they haven't been exposed to in the past. The auction relies on there being several buyers wanting the same class of animals. Thus competition in bidding. And in that case they will sell for the market value on that day. Most buyers are contract employees. They get paid based on how many animals they get bought (paid on a % or by the head). They get told what class of animals to buy and the maximum to pay. If they get them bought cheaper the boss is happy. But that only happens if there is no one pushing them higher. [/QUOTE]
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