Not all herds shared in this kind of returns. Individual herds varied even more. Some herds seem to be doing considerably better than others. Yes, I am suggesting that the high-cost herd managers need to increase their management power. In no way do I mean to subtract from management efforts to increase market prices received.
Profit is gross revenue minus costs.
Both enter into the final profit of a beef cow herd. It is my belief, however, that a manager can do more about costs of production than he can about market prices.