Skip to main content

Wally Olson

Sep 8, 2026

speaker_0NARRATOR
8:49
with
8:50
a 800 pound steer at $382 plus freight.
8:55
And then you're going to put 700 pounds on them.
8:59
At $1.16, I would venture to guess that as the rate of corn is going up, that's going to quickly change.
9:06
Interest on the cattle, and so the total costs and expenses is $3,625.
9:11
And selling a 1,500-pound steer at $2.17 is $3,262.80.
9:12
So in other words, you're going to lose $362.75. on this venture with this way the market is.

46 MINS LATER

55:07
And so those numbers are cumulative at the bottom of that, correct? At the
JaredHOST
12:51
So I guess I'll let you guys address that however you see fit.
12:54
Well, the only market that you know is today.
12:57
And you got to base everything off of today.
12:59
And, you know, and, and, and you just don't worry about what the market's going to do tomorrow.
13:05
And when you get there, you understand what I'm saying? You know, the market probably is went up or went down, you know, but it's not going to be what you planned, but you just plan.
13:15
then and and if you you know everybody's worried about the market going down well the buyback will probably went down you'll find out that you may be more profitable then than now so you just don't worry about it which is hard for people you know it's it's you know the great paradigm is risk protection and and and you know the risk of the market and and it's just not there

6 MINS LATER

JaredHOST
19:58
Wally, you want to take it?
19:59
Well, the biggest thing is you need to just, when you're doing this stuff, is make sure you just have a big margin in your business so you can cover it.

We value your privacy

We use cookies to understand how you use our platform and to improve your experience. Click “Accept All” to consent, or “Decline non-essential” to opt out of non-essential cookies. Read our Privacy Policy.