Monday, February 01, 2021

Lee Pitts: Don’t Bet On It

People are betting on everything these days. If I was a bookmaker here are the odds I’d give for random events happening in the cattle business.

A trillion to one: The odds of cow farts causing hurricanes on the gulf coast, windswept fires in California, polar bears to die or crops to fail in Africa.

One Billion to One: The likelihood that the CME will voluntarily investigate shenanigans in the futures market.

 One million to 1: The probability that fake meat will replace real meat in the American diet.

500,000 to 1: The possibility that no one will ever shoot holes in your water troughs.

100,000 to 1: If you’re a public lands rancher these are the odds against the BLM or the Forest Service ever increasing your AUM’s. (The only raise you’ll ever get is in your grazing fees.)


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