Here are my thoughts regarding cloned steers via a few illustrations:
Let's assume that, today, it costs $20k to clone a steer and that a cloned steer is exactly like the original in every way. At this price point, cloned steers are reserved for the rich. Still, $20k clones should have an effect on the industry. To illustrate, those who really want to win, and have the money, may pay $20k for a proven clone, especially if the original steer was a winner as a calf and as a fat steer. However, those folks would probably not pay $50k for a regular and unproven calf, even if extremely good. In fact, they might not pay $25k or even $20k. The proven clone at $20k seems to be a good option.
In ten years though, let's assume that it costs $5k to clone a steer. At that price point, more people would purchase a clone. So, major shows, like the Iowa State Fair, might have 50 clones, rather than just a couple. Further, the amount of money those people would be willing to pay for a regular steer, even if extremely good, would probably be close to $5k.
Finally, in 20 years, let's assume that it costs just $1k to clone a steer. At this price, we could all show cloned steers. I think that the playing field in the show steer game could be leveled. The winners in this illustration won't necessarily be the ones with the most money, but the ones with the most knowledge and elbow grease.
What do you all think?