Posted May 5th, 2008 — Filed in Bud's Musings
This is what it costs to put on a pound of gain, what it costs to produce something like a calf or lamb. It is really important to know your cost. Always add a reasonable profit to the cost. Breakeven may sound good but it is hard to stay in business without a profit. If we know our cost, the price of our product, the price of our replacement or the cost for us to produce it, then it will be simple to be profitable.
Sell-buy marketing is something everybody uses. Yet almost everyone thinks buy-sell. The livestock industry allows or encourages us to think buy-sell. Because animals gain weight and/or (more…)