02/23/2021
https://congress.gov...
"Merchants have literally no power individually to be able to negotiate a price."
"I think the exchange went to great lengths to try to change the terms of the cotton contract last year because a lot of people were concerned that the cotton market wasn't working properly."
"And our concern also is with the industry itself, the industry that has become so dominated by just four large packers that now control over 80 percent of all the fed steer and heifer slaughter."
"I believe the CFTC is the right place to determine whether that manipulation has taken place."