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I call it after the 3 mature cow calves.

https://feedlotmagazine.com/behind-the-static-560-lb-weaning-weights/

A good start would be to read and understand the articles on this web site http://www.beefmagazine.com/strategic-planning-ranch by Burke Teichert there are quiet a few going back to 2012. Start with the oldest article first would be a good idea.

http://www.cattlerange.com/A-CattleIndustryNews.html Here is some good reports ,market views and trends.once on the page scroll down.

To answer the original question poses another question, how much debt can each cow carry + buy groceries and keep the lights on ? When I started out from scratch in the mid 90,s the cardinal rule was to owe money on cows or land or machinery only 1. I broke my own rule in 02 owed on land...