Conman throws out stupid statements like, "this would only apply to those with market power" and he can't even present an example of this. Just buzz words that sound good to packer blamers.
DSCC,
There would be nobody that would oppose this more than I would. Why?
1. The salebarn doesn't need to carve another commission out of my profits.
2. SOME salebarns have more corrupt "back room" dealings (you buy my bull for $30,000 and I'll buy your bull for $30,000, preferential treatment of volume customers, rafter bids, etc) than any other segment of our industry.
No, I won't mention names.
3. There is stress associated with selling any cattle in the sale barn. Fat cattle are particularly susceptable to stress resulting in a higher percentage of dark cutters.
Conman, do you know what a dark cutter is?
4. Salebarn sales remove the value based marketing option that pays more money for higher grading and yielding cattle.
5. Forward contracts are a risk management tool where the packer stands the basis risk, not the feeder.
Conman, do you know what "basis" is?
6. The fat cattle feeding industry does not need producers saving feeders from their own pricing mechanisms. The epitomy of arrogance.
~SH~