re: What Does a Brisk Market Look Like?

sceptre — Wed, 18 Sep 2013 20:32:16 GMT

Nice analysis, and the graphs paint the picture rather clearly.

So, ok; it's gotten a bit better for the breeders- they're sustaining less of a LOSS, but, collectively, they remain losers. Also, the "better" the market, the greater will be the loss for the end users. For that matter, if every yearling was sold for zero, the collective end users would still be in the red. The end user is paying for entertainment.