Elementary Economics: "It is never in a society's interest to have no competition."
What industry has no competition?
For anyone to suggest that Tyson, Excel, Swift and USPB are not in competition for the same cattle is total insanity.
DO THE INVESTORS IN THESE COMPANIES KNOW THERE IS NO COMPETITION?
Once again, the obvious is too obvious.
Kenworth, Peterbilt, Volva, Freightliner
Chevy, Ford, Chrysler
JohnDeere, Ford/Newholland Case/IH
Remington, Winchester, Ruger
Walmart, K-Mart, Shopko, Target
McDonalds, Burger King, Wendy's, Hardees
United, Delta, American, NW
Federal Express, UPS
Coke, Pepsi
Anheiser Busch, Coors, Miller Brewing
Verizon Wireless, Cellular One
StateFarm, Geico, Allstate, American Family
Nike, Converse, New Balance
Godfathers, Papa Johns, Dominos, Pizza Hut
Taco Belle, Taco Johns
Home Depot, Lowes, Menards
Sears, J.C. Penny, Herbergers
Let me know when you blamers see a pattern with CONCENTRATION in other industries.............
GOSH, I GUESS CONCENTRATION IS NOT UNIQUE TO OUR INDUSTRY IS IT???????????
Randy Kaiser,
Did cattle prices in Canada raise or lower when the U.S. border opened?
Well, how can that be? Why didn't they hoard the profits since there is no competition in Canada????
It only takes two to have competition and Coke and Pepsi proved it. More bidders does not generate more money. More money to spend generates more money.
I suppose Randy would like to lecture us on how a smaller packing plant that needs a $40 per head profit margin can pay more for our cattle than a larger more efficient packing plant that can operate on a $10 margin?
You have the floor Randy! Explain your twisted logic instead of sucking your thumb about 2 packing companies controlling 85% of the packing industry in Canada.
Can you sell your fat cattle in the U.S. now? Well, then what is the relevance of only two packing companies in Canada if you have access to the U.S. market? Whiner!
~SH~