Adding value and capturing that value (making money) versus adding value and losing value (losing money) is largely a function of your break-even price.
The late great George Carlin had a routine about a weather forecaster. The forecast for tonight: dark. Continued dark throughout the night, with scattered light in the morning. Some predictions are easy.
The beef cattle industry has experienced some extraordinary dynamics in the past decade that provoked unprecedented volatility and record price levels.