Yes the meat processors created a meat buying monopoly or oligopy. Then those middlemen buyers could work together to put downward pressure on the wholesale prices for cattle.
It’s similar to the way Walmart put downward pressure on the prices for anyone wanting to be a Walmart supplier.
The really sick thing is when these monopolies are oligopolies capture the regulators. Like in the pharmaceutical industry where you see former CEOs or other executives going back-and-forth between positions in pharmaceutical companies and positions in the FDA or CDC.
I wonder how far back this goes. I mean the railroads we’re a monopoly...so was gas..telephone ....then they “break” up but it seems like it’s the same guys that just moved on to monopolize some new tech again but this time they don’t do it themselves but via “capital investments”. Always making the big bucks and when the market saturated they let the little guys” compete”. But are they little guys or just “controlled competitors”?
I got tired of saying the same thing over and over, but I saw it as an opportunity to educate some folks on what really goes on from the rancher's point of view.
Low beef prices refers to what the ranchers are being paid per pound for cattle.
Yes the meat processors created a meat buying monopoly or oligopy. Then those middlemen buyers could work together to put downward pressure on the wholesale prices for cattle.
It’s similar to the way Walmart put downward pressure on the prices for anyone wanting to be a Walmart supplier.
Antitrust...somewhere along the way this term left our justice system. Or was it ever there.
The really sick thing is when these monopolies are oligopolies capture the regulators. Like in the pharmaceutical industry where you see former CEOs or other executives going back-and-forth between positions in pharmaceutical companies and positions in the FDA or CDC.
I wonder how far back this goes. I mean the railroads we’re a monopoly...so was gas..telephone ....then they “break” up but it seems like it’s the same guys that just moved on to monopolize some new tech again but this time they don’t do it themselves but via “capital investments”. Always making the big bucks and when the market saturated they let the little guys” compete”. But are they little guys or just “controlled competitors”?
I got tired of saying the same thing over and over, but I saw it as an opportunity to educate some folks on what really goes on from the rancher's point of view.