AUDIO: Kyle Arganbright, Co-founder and Executive VP of Sandhills State Bank discusses commoditized beef

Kyle Arganbright discusses how the cattle industry has tried to commoditize beef. High-quality beef should be earning a premium, but that isn’t the case because of packer concentration.

VIDEO: Discussion with Oklahoma rancher Jerod McDaniel

VIDEO: Discussion with Oklahoma rancher Jerod McDaniel

Jerod McDaniel believes that the mess we have in the cattle industry is one that can’t be untangled. It’s obvious that the system is rigged, but for some reason we all continue to play. “A lot of the cattle industry problems fall right at the feet of the producers themselves who have refused to take the bull by the horns and say we aren’t going to take this anymore.”

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VIDEO: Trey Wasserburger discusses how packer concentration has led to the inability to kill cattle

VIDEO: Trey Wasserburger discusses how packer concentration has led to the inability to kill cattle

“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.

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