"Ft. Pierre Livestock Market Report –– Friday, March 20th, 2020

Had a decent run of weighups, 6 weighup buyers on the seats. Cow market was several dollars higher. Must be due to the fact the stores can’t stock the meat case fast enough. The only fat cattle bids I heard today were around $1.10 live. USDA reports $1.63 per lb. live equivalent of gross packer revenue. That is a $53 per hundred price spread. That equals $795 per head gross profit on 1500 lb. fat cattle for the packer.

This means that during the Coronavirus pandemic, the consumer is paying near record prices for beef while the packer is stealing the fat cattle from the US producer."

http://redirect.viglink.com/?key=71fe2139a887ad501313cd8cce3053c5&subId=6507741&u=http%3A//www.ftpierrelivestock.com/images/MarketReports20/03-20-20_MR_FRI.pdf

Patriots… ask POTUS and Congress to deregulate the food industry. Much of the packing industry is foreign controlled and taking advantage of the US consumer while starving our beef producers.

35% of all US ag operations are beef producers. Beef is the number 1 value ag product. To target America, they target beef.

Packers have a regulatory monopoly and they are using it against us all right now.

Fight! And God bless each and everyone of you!