This is one of the big three packers giving the biggest packer and price leader the ammunition to drive the market lower. With this significant sale being reported, the market broke, basically flushing the entire countries show list of finished cattle within minutes, at the low price. Later Monfort replaced many of the cattle it sold to IBP at lower money. ConAgra, owner of Monfort. The future of capitalism and the future of this country depend on the preservation of free open and competitive markets, fairly distributing dollars throughout the system.
Laws are no better than their enforcement.
The producer is finally beginning to understand the importance of these laws in their survival. The producer desperately needs your help. While producers have been literally killing themselves in their decline into poverty, the monopolistic multi-national agribusiness firms have surrounded the producer from input to output, posting unbelievable record profits. Many recent examples of corporate greed and criminal activity have emerged, including price fixing, market manipulation, cheating producers on livestock weights, bribing of government officials, and the list goes on. Many producer organizations have been ineffective in representing their members on this issue.