Originally posted by skiracer
I know some "pen-hookers" that are SO good at guessing the weight of cattle that they'll buy a load of cattle (from an unsuspecting small farmer) when they truck them to the market and before the cattle is unloaded they'll buy them for ca$h money. The farmer thinks it's a good deal because there's no paperwork on the transaction thus no taxable sale took place... Then the penhooker* will unload the cattle, run them through the scales and sell them in his name and pocket the difference. I saw a fella buy a mature bull from a farmer one day for $900 cash and he sold the bull four hours later for over $1,300.... These guys make a living speculating on cattle this way. I call them "Cattle Hustlers" .... Old style penhookers are a dying breed though, because new cattle tracking laws (soon to be inacted) will make it necessary that every animal be traceable to a specific farmers/farm ID number.
*I know you folks have probably never heard of a "penhooker" so here's a pretty good cattle forum where it came up as a topic once....
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