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Cattle Boards
NCBA, R-CALF, COOL, USDA (No Politics!)
NCBA Opposes Cash Pricing
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<blockquote data-quote="Aaron" data-source="post: 1630630" data-attributes="member: 1682"><p>Covered this already on AgTalk, but will chime in here. Corbitt was told by contract feeders not to seek 50% because it will cut into their production contracts and hurt them, forcing them to align with the packers and declare war on the whole idea/promoters. At 30% the contract guys don't care and will just hang back as they can't declare support for any motion without paying for it with packer retribution. All of this was covered in Corbitt's feeder flash in late March if you are regular viewer.</p><p></p><p>Some of the feedlot guys on AgTalk that do a large percentage contract agreed - don't get greedy or we will have fight you.</p><p></p><p>And the packers can buy off every member of federal and state congresses if they really want too. An envelope with 10k in it means nothing to them when they are making a billion-dollars-a-week profit.</p></blockquote><p></p>
[QUOTE="Aaron, post: 1630630, member: 1682"] Covered this already on AgTalk, but will chime in here. Corbitt was told by contract feeders not to seek 50% because it will cut into their production contracts and hurt them, forcing them to align with the packers and declare war on the whole idea/promoters. At 30% the contract guys don't care and will just hang back as they can't declare support for any motion without paying for it with packer retribution. All of this was covered in Corbitt's feeder flash in late March if you are regular viewer. Some of the feedlot guys on AgTalk that do a large percentage contract agreed - don't get greedy or we will have fight you. And the packers can buy off every member of federal and state congresses if they really want too. An envelope with 10k in it means nothing to them when they are making a billion-dollars-a-week profit. [/QUOTE]
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Cattle Boards
NCBA, R-CALF, COOL, USDA (No Politics!)
NCBA Opposes Cash Pricing
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