The Cattle Feeders part 3

you depend on your banker for financing realizing that you're using other people's money you weigh carefully the advice from the banker veterinarian and yeah I could use my lots and I have a pretty good idea you're gonna know to cattle feeders have the same problems bills problems are different from Jim's and Dave's maybe you're like Bill you've got a crib full of corn and 85 acres of stocks just waiting for some feeders remember last year your banker thought in terms of selling the corn on the open market but you figured there was more money in feeding it to cattle after the cattle had been sold all you knew was that you sold them for more than you paid the profit was just about the same as if you had sold your corn on the open market in fact you never knew what it cost you per pound of gain and you ran into some problems you hadn't figured on but this much can be said you watch the daily market news very carefully we find that these prices now are ranging anywhere from 25 to a dollar higher on the Lord if the fat cattle prices stay up maybe I can get the new kitchen sink or even fix up the feedlot didn't say much but he was thinking I'm losing innings and calves are down what's holding Jim back he has excellent facilities needs these cattle to fill his yards as a good feeding program already laid out for his Western feeders and dave did he bid too high these are his kind of cattle the kind he always fries he knows what help he can expect from his veterinarian and his feet man and yet why isn't he bidding now those loans are a problem but he can still get one got a lot of corn on hand and the cattle market sure sounded good still let them all there and so it goes Jim Dave and bill before the cattle go put yourself in place of one of these buyers in do of the type of facilities and operation that you have in view of your ability to produce beef efficiently and in view of your ability to compete what would you do what would you do