03/15/2023
https://www.congress.gov...
"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."
"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."