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Anonymous
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NMCowboy said:Captive supply is how packers stay in the black, in my opinion. If they don't get cattle bought at a price that they can make money with they pull from their own supplies and wait until next week and try again. After a few weeks, the price will drop a bit and they'll be back buying up what they can get while they're cheap. Cattle feeders make money when packers get caught short with their own supplies, which ain't all that often.
Yep and gets less and less often when you have one socalled cattlemans group spending $ millions of dollars lobbying for the packers and to allow more concentration in the industry and against the Packer Ownership Ban...
