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<blockquote data-quote="MikeC" data-source="post: 116250" data-attributes="member: 1604"><p>When a buyer at the sale barn buys calves he has no idea what the quality grades will be or what the yield grades will be. He pays what he thinks he can make money on.</p><p></p><p>If you were to break all these calf prices out, some were bought at too high a price and some were bought at a cheap price. If we could rid the world of the cheap cattle that some take a chance on, the price for all cattle would go up because the gamble wouldn't be as high.</p><p></p><p>That's what I mean by good cattle propping up the poor ones.</p></blockquote><p></p>
[QUOTE="MikeC, post: 116250, member: 1604"] When a buyer at the sale barn buys calves he has no idea what the quality grades will be or what the yield grades will be. He pays what he thinks he can make money on. If you were to break all these calf prices out, some were bought at too high a price and some were bought at a cheap price. If we could rid the world of the cheap cattle that some take a chance on, the price for all cattle would go up because the gamble wouldn't be as high. That's what I mean by good cattle propping up the poor ones. [/QUOTE]
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