A monitoring system functions both as a device for lifting the object and as a weighing system for monitoring or measuring the weight of an object, such as a feed bin. Various embodiments having a suspended load cell and methods of retrofitting the monitoring system to existing object are provided. Further, the accuracy provided by various embodiments enables one to accurately predict when the feed bin will be empty. Thus, the feed mill can be aware of anticipated needs days in advance, allowing the feed mill to better optimize its scheduling and deliveries.