MRJ said:
Econ101 said:
MRJ, this post may have had a little credibilty to the stated intent had you posted it against SH. Just my half-interested observation.
Rod, I am sorry for the harm that has come to the Canadian cattle industr, mostly due to not enough slaughter capacity and the closed border. You sound like the typical R-CALF member in assigning all blame for any low cattle prices on what you perceive to be packer attempts to force all cattlemen out of business. That is ludicrous! SH has posted sound information and some of you insist it isn't true, That is your problem. Just remember, it is people with you same mind-set and attitude to packers who are in the organization that is trying to close the Canadian border for many years, if not permanently, due to BSE, so they claim. Do you believe that is their reason?
Hmmmm, I'm not 100% sure how I got drug back into this thread, but OK, here goes:
I'm not sure how your logic is working in this post, but its left me scratching my head. How is R-Calf working to hold a border closed even remotely like me pointing out that packers are NOT starving as so many people seem to believe they are? Not trying to be insulting, but I am lost.
Tyson alone is spending 650 MILLION on NEW aquisitions this year. Where did this money come from? I grow very weary of listening to packers and their cronies poor mouth all the time, while spending BILLIONS on EXPANSION!
Where does this money come from? Where? And why, if they can afford to spend billions on expansion are cows still selling for 25 cents? Seems to me if they were even remotely interested in helping out the average producer, they may rethink their 650 million dollar expansion budget and give a little back to the producer. SH, while posting some decent information, is still only posting numbers that the packers spewed out, while ignoring most of the business aspects of the number crunching.
The packers could stand to learn a lesson from Pfizer. During BSE, Pfizer issued cheques back to producers who used their products. My cheque size was significant. Pfizer Animal Health then posted lower than average earnings in the first year, due in part to the refunds they issued. Their share value dropped by a healthy margin, but THEY TOOK THE LOSS WITHOUT COMPLAINT, and issued refunds in the second year. That is a company who realized they had more responsibility to the industry than simple fiscal responsibility to their shareholders. If Tyson, Swift, and other cronies operated with a similar mindset, the world would be a much better place.
Rod