Maybe you can point me to a question that sh did not get answered....................This is the same BS he has posted over and over till folks get tired of answering the same damned thing.
Now I will be more than willing to issuse you an sincere apology,if you can show me where his question has not been answered several times,problem is he dont like the answer,so he repeats the question,truthfully its hard for me to believe you dont know that.
anyone that can condone this behavior is part of the problem.
Meat packers acquire 50% to 100% of all cattle and hogs they slaughter through captive supplies. Captive supplies are livestock that packers own or control through contracts with farmers, ranchers and feedlot owners. By calling on captive supplies to fill slaughter needs, packers do not have to bid for cattle in an open, public manner. A false period of low demand is created and prices are driven even lower.
The use of captive supplies in a highly concentrated market has led to uncompetitive conditions in the markets for fed cattle.
Contracting cattle for future delivery, in itself, can be a good thing. However, packers are using a contract method known as “formula pricing” in which feeders are enticed to contract their cattle basing the contract price on the cash market on a delivery date, rather than a firm bid price. For example, a packer might offer the feeder 50 cents per hundred-weight over the cash market price on the day of delivery. Meanwhile, packers have enough cattle committed through captive supply so they do not need to buy on the cash market, driving down the cash price more than the premium offered the seller.
good luck
PS I have changed my opinion of you,I wont insult you with details,good luck girl hope your knee surgery goes well.