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High Stakes
Mon Jul 7, 2014 01:17 PM CDT

It was April 17, and Georgia cattleman Stuart Griffin was scratching his head. "I just talked to a guy who got $1,100 for his calves at the stockyard. They were straight off the cow. I want to keep preconditioning. But what are we going to have to get to warrant holding these calves that much longer and taking that additional risk?"

Griffin still had 150 days before his calves would go to market. He figured he'd need to see $1,500 to justify the time and expense.

"It isn't that we're making that much ...

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