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Napanee, Ontario | I just posted this comment to Brad below, but i think that's exactly it.
"they are squeezing out the middle man. You said it, vertical integration.
they see the writing on the wall and are trying everything they can to avoid paying anyone for these fats. See 1.10 culls.
It's to the the point they will make their own rather than pay a feeder for them- already doing it with 11 million hd. That's what? 35-40% of the market right there. they want more of the pie and they are coming for it hard. Just like in chickens, hogs, and soon it will be cattle."
drive up the prices, force losses and squeeeeeeze. Not pretty, or fun. | |
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The board/cash disconnect.
