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The cost you laid down to purchase. Or maybe better stated Bought Right for a good if not discounted price. At least guns you don't have to feed.
Brett's got it right. You buy your stocker or feeder cattle, weanling pigs or weanling lambs as low as possible, because you can't count on the market being up when your ready to sell. And holding them back, for a better market costs money, out of your pocket.