If some packers are allowed to not participate in the cash markets, would they not be able to manipulate the regional supply of cattle by simply shifting their captive supply from one region to the next?
Feenstra questions market manipulation by packers not participating in cash markets.
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I am urging you to sooner than later because summer is right around the corner.
Here you have the big four packers that control the large packer capacity, up to maybe 80, 85 percent.
My district, Iowa's Fourth District, is either number one or two in the nation when it comes to corn and soybean production.
How can we justify these rules for the agricultural community abandoning this? This is going to be a big deal.
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