03/21/2018
https://congress.gov...
"There was a total lack of regulation. They didn't have any margin requirements, and it led to outsize risk taking."
"One is to make certain that the hedging a benefit is absolutely available at the least possible costs."
"So that market has to be protected, and we have already seen that we have severe problems in the market."
"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."