That is about to change. Sources report that IBP procurement head Bruce Bass met with IA and IL cattlemen, primarily custom feedlot operators, Friday in three meetings. He expressed concern that IBP s 5-yr. The purpose of the meetings was to find feedlots willing to sign on as partners feeding cattle for them. I use the term partners loosely.
Partner suggests equal leverage.
That wouldn t be the case. That s when the ones not in bed with IBP get screwed by the ones who are. Engler is called the father of captive supply among other things. They are in a hurry wanting to ink deals in 3-4 weeks. As the ICA wants commitments for cattle from producers to their plant made by Dec. 31 st , IBP is not wasting any time trying to align producers of their own.