Few producers make their living exclusively in the cow-calf business. America's beef cow-calf business seems straightforward enough - wean the highest percentage of calves possible per cow exposed, wean the most pounds possible per cow exposed, and doso for the least cost possible. Exploiting value-added opportunities is part of the formula as well, but the above has been the basic business model for at least five decades. It's the business reference in the model where reality becomes less straightforward.
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