Cross-7
Well-known member
Dave":3jznb2dv said:JBS owns five river feeders which has how many thousands of cattle on feed. The Packers and Stockyards act makes it illegal for a packer with more than one processing plant to own cattle for than 7 days (might be 5 days) before they are killed. But those in charge of enforcing the law aren't doing anything. With all those cattle on feed it is pretty easy for JBS to get out of the cash market for a week or so. Or even just lower their offer price because they can just kill their own cattle if their low offers are turned down.
Exactly