You didn't answer my questions Haymaker!
Do you think the cattle producers that own USPB should not be able to own cattle?
Yes or no?
Do you think the Federal Government should determine who should own cattle in the U.S.?
Yes or no?
Have you ever stood up in the sale barn and demanded that a packer didn't bid on your cattle?
The following is Haymaker reciting someone else's quotes AGAIN........
Haymaker: "Tyson's use of captive supplies of cattle to drive down the price of cattle on the auction circuitis well documented."
That isn't well documented. That's well "theorized".
If it was well documented, the plaintiffs in Pickett would not have lost their case.
Haymaker: "Captive supplies are cattle that are either owned by, or contracted to a packer at a predetermined and hidden price."
75% of captive supplies are forward contracts that producers willingly enter into and the price is not hidden.
Do you want to end that practice?
Haymaker: "The ranchers suing Tyson claimed that the company would dip into its captive supply for its weekly kill when prices on the open market went up."
When are those forward contract and packer owned cattle supposed to be killed Haymaker?
Didn't producers know when they sold those cattle to packers via foward contract that someday they would have to be killed?
What about when the prices on the open market went down? These cattle still have to be slaughtered don't they? Wouldn't that create just the opposite affect?
If packers can control the markets, why do fat cattle prices fluctuate at all??
Haymaker: "The lack of demand on open markets would drive the price down, and Tyson would then go back and purchase on the open markets."
Then why would producers forward contract to packers knowing that these cattle will have to be slaughtered someday?
Haymaker: "In practice, Tyson was obtaining about half its cattle from captive supplies."
That is a lie. Captive supplies do not include formula and grid cattle.
Captive supplies only include forward contract cattle and packer owned cattle not formula and grid cattle which the deceivers included to create the "illusion" that captive supplies are larger than they really are.
Haymaker: "The ranchers' case was based on a 1921 act called the Packers and Stockyards Act, which prohibits packers from employing any "unfair, unjustly discriminatory, or deceptive practice or device" or from making preferential agreements. American cattlemen have been calling for enforcement of this Act to deal with captive supplies for many years."
The plaintiffs in Pickett also agreed that IBP had a legitimate business reason for using captive supplies and had entered into forward contracts themselves.
You are in way over your head Haymaker especially when you have to quote someone else.
~SH~