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> He had always been good at math, so he put together a formula—a proprietary algorithm that he loves talking about but declines to explain in detail, saying on
by snorkel 4y ago
> He had always been good at math, so he put together a formula—a proprietary algorithm that he loves talking about but declines to explain in detail, saying only that it “measures the supply of cattle every day and determines that if we buy a certain percentage of cattle, we have a seventy percent chance of winning.”
There’s a whole other science to cattle pricing so hard to tell what he’s hinting at. Cattle are priced using either cash pricing, or grid pricing, or formula pricing. Sounds like he working formula pricing to his advantage
https://www.beefmagazine.com/beef/price-trends-comparing-cattle-cash-and-formula-prices https://www.beefmagazine.com/beef/price-trends-comparing-cat...
- LAC-Tech 4y agoDo you work in the space? I've done a lot with identification and tracking cattle, but very little with pricing.