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.
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.
Corbitt Wall explains how mandatory RFID tags will cause more cattle producers to be forced from the industry. He also talks about what to expect for the calf market heading into this fall and the fat cattle market through the rest of 2020.
Jon Schaben explains how producers will pay for the government to know everything about their operations if mandatory RFID tags are implemented. He feels that this move will put the cattle industry one step closer to vertical integration.
Carson Jorgensen explains how the sheep industry is hanging by a thread as one of their key processing plants has been acquired by JBS who plans to halt lamb processing.
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