Anyone can become a Texas cattle rancher

Stephen Cadogan reports from the Lone Star state on the feedlot business, agriculture’s version of the stock market.

PEOPLE from all over the world send Jay Gray money to fatten cattle. Anyone can become a Texas cattle rancher, by contacting Gray, general manager of the Graham Land and Cattle Co feedlot at Gonzales, Texas for 15 years.

He aims to make $50 a head for customers, but is realistic enough to describe beef as a risky investment, and says you could lose $150, or make $150 a head.