To suggest there is no competition shows how out of touch you are with these markets on a daily basis.  They do compete many times for the same cattle.  Is it at the same price, no?  They do have different needs but that does not mean they do not compete for the same cattle as you suggest in your other comment per this subject.   At the same point in time cattle can represent the same or different value to various buyers.  They will bid those cattle accordingly.  Have a healthy New Year.