For the last time, ibp did not contract more cattle than they could slaughter, PERIOD.
"Bass also testified that during some weeks IBP owned as much as 190% of its kill needs, nearly double what they’d need for their slaughter plants the following week. When that happened Bass told his buyers to lower their bids for cash cattle."
Bruce Bass contracted 95% of a two week kill within a one week period.
SO WHAT??? BIG DEAL!!!!
HE BOUGHT THOSE CATTLE FROM WILLING SELLERS.
EXPLAIN THE RELEVANCE OF IBP BUYING 2 WEEKS KILL WITHIN IN ONE WEEK???
WHAT'S YOUR POINT AS IF YOU ACTUALLY HAD ONE?
He did not contract more cattle than he could slaughter, he did not double the production of his packing plants, and that is all that is relevant.
Bruce did not contract 190% of his needs within a week, He contracted 95% of his needs in two weeks.
Did you think those cattle would spoil because they weren't killed the week they were bought??? LOL!
If you think you have a point, MAKE IT!
Sandblaster: "So reducing 1/3 of the demand with a constant supply will have no effect on prices?"
The demand has not been reduced by 1/3. The supply has been reduced by 1/3 because 1/3 of the cattle has already been purchased.
I am going to give you the benefit of the doubt here and assume you are a smarter person than you let on disguised as an idiot. Nobody can be that stupid.
~SH~