Agman, "It is appropraite that you got the rule right before you took me to class!!!
I am on the producers side and always have been. Anyone who truly knows me understands that. Only a fool would think otherwise. To clarify misinformation regarding any segment of the industry does not mean I support one sector over the other.
First of all you should know the history of the rule. Packers did not initiate the rule, it came from the Justice Department to maintain compliance with Federal regulations pertaining to competition. The rule was adopted under and with the Mandatory Reporting Guidelines. Remember, that before Mandatory Reporting all those trades were reported voluntarily by the packers to the USDA and then to producers at the time of sale. Under the current guidelines they are reported when additional trade occurs so the trade source is co-mingled with other trades. For that aspect of trade the voluntary system was better than the requirements of Mandatory Reporting. Anyone with any real knowledge of the market knows that. That unavoidably excludes you.
Your lack of any real knowledge of the flow of market information is on exhibit again. Do you really believe that the USDA is the only source of trade information? Do you think the feedlots, many in consortiums, do not trade market informion including the number of contract cattle? Are you that removed from the marketplace? If so, you should not even be a junior loan officer in a small bank. You should be playing in your sandbox all day with the neighbor hood kids your age.
As a I stated there are no secrets when it comes to trade. Modern communications has eliminated that event. The very best example is of a cattle feeding group in your state who though their very best efforts cannot keep their early week trades from the market. When a deal is struck the trade knows within minutes. There are no secrets as you surmise. The only secret is how little you truly know. You have an excellent ag radio station in your state that is on top of trading throughout the day; perhaps you should dial in and listen.
Regarding your other so called question regarding "we". I explained that before and it is obvious that explanation was beyond your intellectual capacity. So, as I stated there is no reason to believe you would understand a repeat explanation. Someone such as yourself who belongs to a "me" organization would hardly understand who "we" represents. No need to ask again, you are just wasting your time and much more importantly, my time. I don't operate on bankers hours. As I previously stated, I will not play your little word game that you attempt to play with individuals who post.
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Yada, yada, yada, and more yada - the master of the strawman. However, my statement remains; not all trades are reported as you stated and only the packer knows the whole picture on contract cattle. Are we to ignore the fact that the loudest critiques of the reporting system come from feeders? I tend to believe the wet guy who tells me it's raining, not the weatherman who says it's dry.
I'm just "a junior loan officer in a small bank", and you're Agman - I mingle with fellas with manure on their boots and you talk to government economists so you're supposted to know a lot more than me. The problem is, Agman, you're got a track record here of making some bone-head calls and even pure BSing. I get a daily chuckle out of your prediction that the Japanese would scramble to get our beef. Your own compardre, Bob Wilson, said "growth in beef sales to Japan will be a very slow process". Don't you guys talk? I guess we know who the brains in your outfit are. :lol: You were full of crap trying to tell us that Cargill and Tyson were in Canada to serve the local markets and you were full of crap telling us Japan wasn't asking for tested beef. Your "no protocol" snowjob was a laugher as well. Your credibilty is inversely proportional to your ego.
You never explained who the "we" was in your example, and you ignored the question on what happens to the locals. You're caught and you know it. You've got a pattern of claiming "I'm smarter than you and you wouldn't understand" when you're in a tight spot. Truly impressive.
Every dang producer vs big business issue that has come up finds you against the producer - and you claim you're on the producer's side. More BS. There's quite a few of us who have been around this site for quite a while and have seen 100s of your postings. Why not take a poll and see who believes you?