Trey Wasserburger discusses how the industry needs to come together and get behind the DOJ investigation, as it is our only hope to save the industry. He also talks about Agri Stats, Inc., a data-sharing firm that has blatantly exhibited collusion in both the chicken and hog industries.
“There are a lot of undermining issues within the cattle industry, but none of that matters if we don’t figure out the concentration at the packer level.” Trey Wasserburger discusses how packer concentration has led to the inability to kill cattle, something we have never seen before. He also explains that formulas and captive supply have resulted in little to no true price discovery in the cash cattle market.
Fred Wacker, President of Montana Stockgrowers Association, explains how RFID tags will not only benefit producers from a traceability standpoint, but also as a marketing tool.