Fed Cattle Commentary
03/28 13:20
Hackney Cattle Company / 402.680.4739
Hackney's comments from Tuesday, March 28, 2006.
*************************************************************************** The views expressed here are those of Walt Hackney and are not necessarily those of DTN, its management or employees. ***************************************************************************
FED CATTLE
Lynn Strom, a federal judge and the 11th District Court, sealed the fate of any livestock producer who may have had the idea to sue a corporate packer for price manipulation. His decision presented an open highway to any packer to do most anything in terms of market manipulation to the livestock production sector and have full support from the federal judiciary system. The P & S, acting in full cooperation with the corporate packers, will have the needed backstop now to support their lack of service to the producer sector. Cattlemen, without the pseudo support of the federal judiciary system, will need to engrave their personal mission statement, draw a line of defiance in the sand and defend themselves without any help from their own government.