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Cattle Boards
NCBA, R-CALF, COOL, USDA (No Politics!)
Pickett vs. Tyson Appeal Decision
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<blockquote data-quote="Econ101" data-source="post: 118622" data-attributes="member: 2318"><p>I actually read the court's decision on the Pickett case. I have a few questions about the case that someone who has knowledge about it would know. </p><p></p><p>The court acknowledged that the pens of cattle in the cash market were of a different grade. The cash cattle tended to be more on the prime side instead of the choice side. The judges said that Tyson would pay more for the choice side in their captive supplies because that is what their customers wanted. In their marketing agreements called captive supply did they pay more for choice cattle? Forgive me but I thought prime cattle brought more money per lb. Prime rib is sure more expensive than choice on the retail level. Is there an inconsistency here? Thanks for answering</p></blockquote><p></p>
[QUOTE="Econ101, post: 118622, member: 2318"] I actually read the court's decision on the Pickett case. I have a few questions about the case that someone who has knowledge about it would know. The court acknowledged that the pens of cattle in the cash market were of a different grade. The cash cattle tended to be more on the prime side instead of the choice side. The judges said that Tyson would pay more for the choice side in their captive supplies because that is what their customers wanted. In their marketing agreements called captive supply did they pay more for choice cattle? Forgive me but I thought prime cattle brought more money per lb. Prime rib is sure more expensive than choice on the retail level. Is there an inconsistency here? Thanks for answering [/QUOTE]
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NCBA, R-CALF, COOL, USDA (No Politics!)
Pickett vs. Tyson Appeal Decision
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