Weezie said:My biggest complaint with SC is the fact that their sale reports are only available for a day or two. I think those reports could be very useful considering the amount of volume SC is currently doing these days.
Tallcool1 said:Weezie said:My biggest complaint with SC is the fact that their sale reports are only available for a day or two. I think those reports could be very useful considering the amount of volume SC is currently doing these days.
One of the issues that Show Circuit wanted to solve revolved around this. If you look at the top selling 25% of steers sold on Show Circuit, what percentage of them would you guess were sold to traders? I don't know the exact number, but I believe 80%+ would be a very good estimate.
Now look at the total sale volume, and compare that number to the sale volume of the top 25%. Which number do would you say is larger? It is the top 25%, and it isn't close.
The traders are the ones spending the money, and they don't want people to be able to look back to see how much they paid for that colored up black and white steer (as an example because those calves are easily identifiable). It is hard for a trader to ask $20K for a steer if their buyer knows they paid $7,500 for him 60 days prior.
Weezie said:Tallcool1 said:Weezie said:My biggest complaint with SC is the fact that their sale reports are only available for a day or two. I think those reports could be very useful considering the amount of volume SC is currently doing these days.
One of the issues that Show Circuit wanted to solve revolved around this. If you look at the top selling 25% of steers sold on Show Circuit, what percentage of them would you guess were sold to traders? I don't know the exact number, but I believe 80%+ would be a very good estimate.
Now look at the total sale volume, and compare that number to the sale volume of the top 25%. Which number do would you say is larger? It is the top 25%, and it isn't close.
The traders are the ones spending the money, and they don't want people to be able to look back to see how much they paid for that colored up black and white steer (as an example because those calves are easily identifiable). It is hard for a trader to ask $20K for a steer if their buyer knows they paid $7,500 for him 60 days prior.
That's an interesting point that I didn't really think about. I can understand that logic. If traders are spending the biggest portion of money then SC is going to look out for the traders interest. I guess this brings up another question. Is the trading interest in online sales the reason Breeders World and CW have lost so many sales over the past couple of years? CW and BW allow for sale reports to be viewed a lot longer. SC is obviously dominating but CW and BW used to have a lot more sales not to long ago.I'm sure there are multiple variables for the change in the online sales market but I'm interested to see opinions on this matter.