So basically, to achieve the same level of genetic improvement annually, you need to invest significantly more in cows than in pigs. There's a larger capital investment required for the same genetic improvement per animal.

Yes, you have to spend more per animal. On the other hand, once you have that elite bull, you can distribute its genetics over a much larger population because a bull produces a lot of semen. You can dilute it into straws, getting 500 straws per ejaculate, or 300 if it's sexed semen. You can have them do this twice a week, multiplying the genetic effect.

But there's no logical or strategic rationale for having both together from either a customer perspective?

So what happens? ST starts to gain share with its genetics business, but it also drives adoption because the farmer says, "Oh, it's only $18, I can afford to put this on more cows." At the same time, the Select salesforce comes along and says, "Yeah, they thought about it, you've got to help us here. You can't sell this for $25. I've got to be able to sell this for less. I know I can justify $20, but not $25."