Big problems with your "theories" Econ.

#1 How does the 1 and only bull buyer find out my bottom line is $2300 when he is still paying $3000 to everyone else?

#2 Why would I make the necessary changes to efficiency, then sell for the new cost of production?

#3 How is the 1 and only bull buyer going to get his needed number of bulls without mine when I refuse to sell below what I know others are getting?

#4 What would that said buyer do if I chose to lease more land and run extra cows and use the bulls normally sold to the buyer myself?

It all comes back to 2 parties to every transaction. Both have to accept the deal, and ultimately both have to profit for the transactions to continue. If one suffers they make changes. Pickett believed he was suffering, but many others said he was just complaining. He never made an attempt to sell under the supposed higher prices contract cattle received. Instead he opted for a law suit to avoid his responsibility to make sound business decisions.