Dustin Aherin talks about the need for additional packing capacity in the cattle industry. His recent report, “The Case for Capacity,” explains the benefits that come along with adding capacity and the consequences of not doing so.
VIDEO: Attorney Harriet Hageman, “The reality is that the U.S. beef and cattle industry is the safest in the world, we’re importing our problems.”
Harriet Hageman discusses how the cattle industry is facing a monopolistic situation with the four big beef packers. She feels that this fundamental problem must be addressed in order to avoid vertical integration.
VIDEO: Trey Wasserburger, “The DOJ’s investigation into the big four beef packers is the industry’s only hope.”
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.
AUDIO: Fred Wacker, President of the Montana Stockgrower’s Association, explains why RFID tags could be beneficial
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.
AUDIO: Brooke Miller, “If this continues, we’ll become dependent on multi-national and foreign companies for our food sources.”
Brooke Miller explains how packers have done an excellent job monopolizing the market. He feels that packer concentration must be addressed if the cattle industry wants to avoid vertical integration.