They can only do that to a certain extent. If there were an extra 10 million head available our prices would be worse than they are now.Do you think jbs cares if we reduce supply?
All that would happen is they would then bring more of the beef they already own from Brazil
Lot of truth right here. I'm guilty of it. We carry around 90-100 mommas and if I used a real sharp pencil I doubt we do much better than break even in a normal year. They keep the grass eaten down and the ag tax rate in effect. For that I thank them.The problem producers have is the small producers. Lots of people in cattle ( a majority I'd say) that don't live off cattle. They'd do it for free. They'll bitch but they'll still do it.
The families that depend on ranching for a living have to compete with that beef. It's going to get raised and sold no matter the price. And it's a bigger amount than Brazil and often high quality.... I'll include myself as part of the problem.
Regardless of WHY we do it. It should be profitable, but it never will be when packers set the price.Lot of truth right here. I'm guilty of it. We carry around 90-100 mommas and if I used a real sharp pencil I doubt we do much better than break even in a normal year. They keep the grass eaten down and the ag tax rate in effect. For that I thank them.
Unfortunately we can't look at the financials of the other big boys.
Did the fines go to the government, or the farmers and producers that got screwed over?It was also a accident when Tyson and others where indicted and jbs ,Tyson have paid fines and settlements totaling 100s of millions of dollars in price fixing of both pork and chicken but they would never fix prices of beef
The feed lot selling 20,000 hd is also locking in their feed expenses and contracting those cattle when they show up. They do a better job of marketing, because they have to.That's great and all, but the lot selling 20000 head is getting screwed the same as a 20 head lot.
We have laws in this country, and it's the job of the government to enforce them, but right now crony capitalism is in control. Only way to fix that is to get rid of the cronyism.