Latest / CattleUSA Daily / 289: What’s Going on in the Cattle Industry Right Now and Why There’s Bigger Issues to Watch

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289: What’s Going on in the Cattle Industry Right Now and Why There’s Bigger Issues to Watch · CattleUSA Daily

0:03
Welcome to the Cattle USA Daily podcast, your go to source for
0:07
the latest livestock markets, industry insights and the update
0:10
shaping agriculture today. I'm your host, Lauren Moylan, a
0:14
passionate advocate for agriculture, here to keep you
0:16
informed and connected. Now let's dive into today's
0:20
episode. In today's episode with John
0:27
Campbell, we are breaking down the cattle markets once again.
0:30
And John brings some really interesting points outside of
0:34
the live cattle market to us today as well.
0:37
We're covering the JBS Greeley plant situation.
0:41
We are covering the Nebraska Sandhills fires, and we're also
0:44
talking about a very interesting new bill that is currently being
0:48
introduced on the Senate side on Capitol Hill right now as well.
0:53
All of these things get broken down in the podcast with John,
0:57
and we've got some interesting thoughts and takes for all of
1:00
you guys on each of these topics as we kind of jump around to all
1:04
of them today. Before we hop into today's
1:06
podcast episode with John, if you are watching on any of our
1:09
podcast platforms, make sure you take a second to go subscribe to
1:12
our channel on YouTube, like this episode if you're on
1:15
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1:17
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1:21
with a friend. Doing every single one of these
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things just continues to help us grow as a platform, form, reach
1:26
new people and make a wider impact across the beef industry.
1:31
Thank you all for being here, for being listeners and for
1:34
doing all those things. We really appreciate it.
1:37
And without further ado, let's go ahead and hear from John
1:40
Campbell. Welcome back to the podcast.
1:42
Mr. John, how are you doing? How's life in Colorado tree?
1:47
It is really hot. Oh my gosh, I think we're
1:51
supposed to be 90 from today on. You know, we're, we're doing
1:55
this Thursday, just unusual weather, you know, really hot.
2:00
And the mountain guys are are they're kind of starting to look
2:04
at their whole card not and we draw a lot of cattle from
2:07
western Colorado and out of the mountains.
2:10
That's a big part of what we do. And not so much grass, but just
2:14
water. You know, everybody's worried
2:17
about stock water and they don't have wells up there or, you
2:20
know, they can come down to the meadows, but then that destroys
2:24
any feed, you know, that they're going to put up for the winter.
2:27
And so, you know, I, I guess hard to feel very sorry for
2:32
yourself when the rest of the country's on fire, but that
2:35
that's kind of locally here as far as La Hana just starting to
2:39
get a little concerned. A lot of old grass and
2:42
everybody's kind of rocking along and they're, you know,
2:45
really happy about the way cabin is gone.
2:47
But in the back of their mind, while they're thinking, man, you
2:51
know, here we go again. We're dryer and all get out and
2:53
the course of farmers are really panicking, you know, about
2:58
snowpack and we depend on the runoff here for ditch water and
3:02
because it never rained. So everybody's got a, you know,
3:06
operate out of the runoff off the mountains that comes to the
3:09
river that then goes to the canal system and that kind of
3:13
effects everybody in the valley. So be interesting to see.
3:16
We like I said, we've still same old storyline.
3:19
We'll we got time. Absolutely, it is hotter than
3:23
Haiti's here in Kansas this week too.
3:25
Which is crazy because just yesterday or the day before it
3:29
was like 15° outside. Real feel was like 3.
3:33
It was frigid here in Kansas. And then it's going to be 97 on
3:38
Saturday and you know, I am catching a flight to Brazil and
3:42
I'm going to go get the heck out of Dodge on Saturday and y'all
3:47
can have fun sweating your butts off in Kansas.
3:49
I am going to go sweat my butt off in Brazil because it's also
3:52
going to be pretty toasty there. Hopefully I bring back some of
3:57
the rain with me because we're supposed to the whole time we're
3:59
there, it's supposed to be pouring rain, John.
4:01
So pouring rain and hot, my two favorite things in the whole
4:06
world. Man, I don't know about you, but
4:10
I'd rather be in a snowstorm. I do not like the heat.
4:14
I'm a cold weather guy. I don't know about that, John.
4:17
So I really don't like the heat. I really am not a big fan of it.
4:21
I always believe that like I can put more layers on, but I
4:24
frankly, I'm a nicer person when it's warm out than when it's
4:28
cold out. Like if it's cold out and I
4:31
can't feel my toes, pray for the people around me because I'm
4:34
just not a nice person. So I'm a much nicer person when
4:38
the sun is shining and it's warm out so.
4:41
You sound a lot like my wife. That's why we keep the
4:43
thermostat on 90 at my house. I don't do that.
4:46
You don't. Okay, what are you just talking
4:48
about? How much nicer you are, the
4:49
warmer you are. So, well, not.
4:51
That happens at our house, you know I'm.
4:53
Not hypothermic, I don't think that's quite necessary in our
4:57
household. I do like sleeping with the
4:59
window open in the winter. So, I mean, I still like being
5:03
warm, but not I don't want to be sweating.
5:05
I don't like that either. I'm not ready for the bugs to be
5:08
back either. But any that's neither here nor
5:10
there if we're going to have to deal with it all.
5:12
But welcome to bipolar Midwest weathers. 5° earlier this
5:16
weekend. It's going to be 97 later this
5:18
week, so hurrah, yeah. Oh well.
5:23
Well, John, what are the markets doing, you know?
5:26
Pretty good. Of course we had a runaway last
5:30
week and this week I thought things pretty steady here a lot.
5:34
On 14180 some cattle still sold some 3 weight calves up to six O
5:40
2 and add some 450 weight cattle up to 540.
5:44
So not really backing off on the light cattle 5 weight steers to
5:49
five O 8 and that's a ways from the $530 cattle we sold last
5:55
week. But just difference in numbers
5:57
and and the kind was good enough.
6:00
But difference in in volume. I would tell you I I don't think
6:04
the light cattle deal has has backed off three-way to effers
6:07
the 567 1/2. We had a load of weaning black,
6:11
black baldy 450 way to effers up to 518 on Tuesday and five and a
6:17
quarter weight effers at 462. I thought the Stocker heifer
6:21
market here was steady in spots a little lower, but again, you
6:25
got to compare apples to apples and the feeders were really I
6:29
thought pretty much steady. Here's kind of a 1/2 load of
6:34
wean black effers weighed 565 at 4:49.
6:37
We had some Red Angus 6 weight effers up to four and a quarter
6:42
680 weight effers to 362 and a load of grow.
6:46
Jared Heffers, as I've mentioned before, we don't get a lot of
6:49
wheat cattle here would have been background at Heffers had
6:52
some flesh on them weighing right at 8 at 332 on the steer
6:57
side, kind of like the Heffers, the stalker side of the steers
7:01
steady on the front end. But if you just went across and
7:05
and counted every one of them, you'd call them a little lower.
7:08
But again, we're looking at the quality and selection and and
7:12
the feeding cattle. I I thought steady had some 6
7:16
weight stairs this week in La Jada at 457 weights up to 380
7:21
didn't really have any grazing tight cattle weighing 7 or I
7:25
think the $4.00 market probably been there any weight stairs at
7:28
357 and we had a load of 10120 LB background and stairs but
7:34
good ones home raised up at three O 9 So really can't
7:39
complain it if we're starting to see a few cattle.
7:42
We talked a little bit off on it off the the air here, but some
7:46
of the guys over W already think they see the writing on the
7:50
wall. And next week we're going to
7:52
have two or three loads of replacement heifers out of the
7:56
mountains that guys would have ran with put the bulls out and
8:00
and kind of summered them. And they just, it's pretty easy
8:04
call as high as the market is and as dry as they are, they've
8:08
kind of elected to turn loose of those.
8:10
And surprisingly a couple loads of bread heifers that are heavy
8:14
springers. The guys just don't know if
8:17
they're going to have the whereabouts to summer those
8:20
cattles. It be interesting to like I
8:24
said, see, see how things go along there.
8:26
It's not so much a function of grass, it's a function of water.
8:30
So those guys really depend on pond water and creeks and the
8:35
runoff, and it's looking like it's going to be in short
8:39
supply. So they're just kind of gearing
8:41
up to take care of what they got rather than adding, adding to
8:45
the equation. Yeah.
8:46
I think that that's kind of the writing on the wall.
8:49
A lot of people are seeing right now in their specific areas that
8:52
when the reality of it is we would love to retain more
8:56
heifers and rebuild our herds and do all these things.
8:59
But if we don't have the grass or we don't have the water for
9:02
it, and we're battling a 30 year drought and it's just continuing
9:05
to get worse, how can you expect any of these guys to do it?
9:08
Yeah, no. And that's right.
9:09
And like I said, with the market where it's at, you know that
9:13
there's still a little bit of the philosophy out there that my
9:16
guys, for what I can get for these heifers now, why would I
9:20
want to retain them and carry them on the books at what seems
9:26
to be an inflated price? Now maybe that's the new norm,
9:29
but once the numbers get built back up, it probably won't be
9:33
the norm. So it's it's pretty easy call
9:37
for most of those guys if they're put in that position.
9:39
Yeah, absolutely, for sure. What are we seeing in the
9:42
region, John, across kind of the winter livestock family as well
9:46
with the? Market well later in the week
9:48
here you could really kind of see things you know come around
9:53
and again you got to take into consideration where where the
9:56
volume is the wheat run is we're right in the thick of it.
10:00
Dodge City with 48165 cattle called their calves and and
10:06
their feeders weight feeders 10 to 20 higher in their big 8 and
10:11
9 weight stairs and effers certainly fully steady some 450
10:16
weight stairs at Dodge City at 567 five weights at 5:20 they
10:21
had some 630 LB stairs. I actually watch those cattle
10:24
sell. I had they were off wheat, but
10:26
they were cap crock bring 446. Our best 6 weights brought 450
10:32
so and then some big 8 weight weight stairs off wheat nice
10:36
kind. They sure wouldn't be any
10:38
cheaper at 378 and a quarter 4 weight effers at Dodge north of
10:44
$5. They had some 5 weight effers at
10:47
465, which is what's kind of going on everywhere. 6 weight
10:51
effers to four O 1 and some 7 weight effers with some
10:55
condition at 457. Pratt will will be today.
11:00
It'll be interesting to see how they get along, but I would
11:03
anticipate the market would be very, very active.
11:06
But 44181 cattle last week, you know, last week it, it kind of
11:12
started with us Tuesday and everybody kind of calmed down
11:15
after they crunched the futures the week before.
11:19
I thought Pratt got along good. 4 weight stairs to six O 1/5/19
11:24
at 525 and six weights up to 467.
11:29
So really good grazing demand. And east of there the weather is
11:34
good, ample moisture back in eastern Kansas and the Flint
11:38
Hills. The stage is pretty well set
11:40
there that they're going to be all right.
11:41
They sold they did sell some 7 weight cattle and Pratt at 397
11:47
and some big 9 weight cattle at three. 59413 LB effers at 527,
11:55
some 5 weight effers at 487. Again we're talking winter
11:58
livestock. Pratt, KS with a nice run 6
12:02
weight effers to 399, seven weights to 354 and some big 8
12:08
weight heifers at 343. Salina, KS 3400 cattle again be
12:14
a last week sale. I thought they got along just
12:19
great. Of course you're right in in the
12:21
heart of the grazing country there 79 LB stairs at six, 24116
12:28
LB stairs at $6. They sold some 5 weight stairs
12:32
in Salina at 551, some 6 weights AT4747 weights AT4228 weights at
12:40
3:59. They had some 440 weight efforts
12:43
AT5455 weight efforts 494, six weights at 426.
12:50
They're big cattle piece, much similar to Dodge, La Honda and
12:54
Pratt 7 weight, Everett 352 and an 8 weight at 3:43.
12:58
So good to see those kind of markets on the big cattle,
13:02
especially for the way they played take away on the Fed
13:06
cattle complex. You know, we're down my gosh, 15
13:10
bucks on them. Be interesting to see what what
13:13
what happens today, but the Today tomorrow on the Fed cattle
13:17
complex. But my people calling saying
13:19
probably going to be about steady at at 3 or 235 and we'd
13:26
be getting into some higher priced cattle.
13:28
Now those cattle some volume traded at that level for my guy
13:32
told me those cattle lose about 30-40 bucks a head and they
13:36
would have sold on been priced on two weeks ago's market still
13:40
getting 240. So we're getting into some
13:43
high-priced cattle now and it's it's probably not going to be
13:49
real pretty on the close outside of the Fed cattle deal if we
13:53
stay down here in that 23035 or dollar 3035 market, 235, excuse
14:00
me, 235. Yeah, for sure.
14:02
No, all really good points and we'll be very curious to see how
14:07
it all kind of shakes out as we close out the week here today
14:11
and tomorrow for people as well. John, we, we kind of touched on
14:15
some things last week that we want to do some follow up on the
14:19
Greeley plant closed down shutdown strike is in full
14:23
affected officially hit on Monday.
14:26
But we know that they were black last week too and just kind of
14:29
told them to hit the road and they did some cleaning at
14:33
Greeley and things like that. But what are where are some
14:36
updates and thoughts that you have now that we've kind of seen
14:39
this come to fruition? Well.
14:40
Yes and no. They cleaned the fab but my
14:44
people up in Northern Colorado did ship some cattle and killed
14:48
some cattle at Greeley Tuesday. They had about 300 crossed the
14:54
picket line. They needed about 4:00 to really
14:57
get geared up in in the kill line, but they broke the picket
15:01
line on Tuesday and I know for a fact Northern Colorado feed yard
15:05
did slaughter some cattle on at Greeley this week actually day
15:10
before day before yesterday. So the fab was down for
15:13
cleaning, but they did the slaughter deal in the grading
15:16
guys were there and they they put some they put some cattle
15:19
through. So I thought it was interesting
15:21
they said 99% of the workers voted to strike, but they're
15:26
that doesn't hold up if 3-4 hundred of them come back to
15:29
work. So if they did go forth, they
15:32
didn't take them long to change their mind.
15:34
But bulk of the cattle in the northwest, just to kind of give
15:38
you a rundown of who is absorbing these cattle in the
15:43
north, they'll go to Hiram, Utah.
15:45
If you are South of I-70 of those cattle are going to Cactus
15:50
Texas and thin east and and I'm kind of talking about Northern
15:55
Colorado that were scheduled for JBS.
15:59
Those cattle are going to Grand Island.
16:02
So the guy I was talking to up there and and he's pretty good
16:06
source why he kind of thinks that they're they're going to
16:10
break the union at Greeley and they'll get those guys back to
16:13
work. So interesting to find out
16:15
that's that's what happened the last time.
16:17
Yeah, for sure. It's kind of one of those things
16:19
that we've read this book before.
16:20
Curious to see how, curious to see how the bookends.
16:23
But I feel like we've we've kind of read this story before and
16:27
it'll it's the same story, just a different situation and
16:30
scenario. So it'll be curious to see how
16:32
it all kind of shakes out in the end.
16:33
No, exactly. Also man, just when we get done
16:38
with Oklahoma and Texas, why? And everybody knows Nebraska is
16:42
on fire and it just man, oh man, it's just domino on.
16:46
And I guess they're saying over 700,000 acres burned in
16:51
Nebraska. So there's a Relief Fund set up
16:55
and I feel so sorry for those guys.
16:56
Everybody kind of did a lot of their giving to the Oklahoma,
17:01
Texas deal, but the, the the Nebraska guys are in in need
17:06
now. And boy, if you can and Lauren,
17:09
I'll let you expand on that. But the Nebraska sand deal
17:12
ranchers Relief Fund. But again, they're thinking 4050
17:17
thousand cattle was the last track that I heard and over
17:21
700,000 acres and and still burning I guess.
17:25
Yeah. I will also have link down below
17:27
the Nebraska Cattlemen's Disaster Relief Fund.
17:30
So we'll have those two main ones linked down below and you
17:33
can get a hold of either of those teams, especially Nebraska
17:38
Cattlemen's, they will be kind of helping coordinate a lot of
17:42
the physical donations outside of monetary donations.
17:46
But if you are able to, both of those links are linked down
17:49
below and I, I highly, highly encourage our audience showed up
17:53
heavily for our Oklahoma and our Kansas and Texas cattlemen when
17:58
they were dealing with this. And Nebraska needs us now.
18:01
I think that we have all been in a situation and scenario the
18:04
past few years where we know just how it takes one spark and
18:08
one gust of wind. And the reality that we have
18:11
been living in as cattlemen and the drought areas recently has
18:15
been absolutely gut wrenching. And I just, I played with all of
18:19
our listeners and to everyone hearing this, that they would
18:23
kind of pick up the pick up the stake a little bit and do what
18:27
they can. Even if it's just $10, every
18:29
little bit helps. Because if everyone that
18:31
listened to this just gave $10 on hell, we'd have a, we'd have
18:34
a pretty good fun going just from this audience.
18:36
So it doesn't take hundreds of dollars or thousands.
18:39
It just takes you. And at the end of the day, a
18:41
year from now, you know what difference is 5000, 200 bucks,
18:46
you know, I mean, you will have forgot all about it, but the
18:49
combined effort make a, a world of different because those guys
18:53
are, they're in trouble. I I mean, they've got cattle and
18:56
they got to find a place to put them and, and, you know, try to
18:59
kind of surround themselves with enough feed so they can maintain
19:03
them. And I mean, you just think about
19:04
and anybody that has cattle, if you just think about it for a
19:08
second, Oh my gosh, you know what in the world, I mean, from
19:12
one day to the next, just a complete turn around and nobody
19:17
can prepare for something like that.
19:19
So it is chaotic. And any way we can help while
19:22
let's let's try to do it. Absolutely.
19:25
I could not agree more because it's a, it's a really sad
19:28
reality that our Nebraska cattlemen are having to live in
19:30
right now. So I just pray that we're all
19:32
there for them. And whether it be physically,
19:34
whether it be through monetary donations, whether it be just
19:37
keeping them in your thoughts and prayers, we ask that you you
19:39
do that for all of them as they continue to go forward and
19:42
battle this and battle it over the next few weeks as well.
19:47
Well, John, we have some other things that we want to talk
19:50
about today. We're kind of all over the
19:51
board, but we've got, we've got a lot going on.
19:53
And we also touched on this last week, but we've got some
19:57
interesting things happening on Capitol Hill.
20:00
Would you like to break it down for us?
20:01
Well. We really do.
20:03
And don't let the people that they reduce the bill blow you
20:09
out of the water. But it's kind of a group that we
20:12
wouldn't associate with much. But there was a bill and it's
20:16
titled the Family Grocery and Farmer Relief Act.
20:20
And it was actually a Cory Booker and Chuck Schumer,
20:24
Elizabeth Warren, Bernie Sanders that brought it, which that
20:27
might make ADOA, but they, they did this last week.
20:31
And it's just claiming, you know what we've maintained all along
20:35
that the concentration at the packing industry is driving up
20:40
consumer prices. And as all of us know, the beef
20:43
market that we've about wore it out. 85% of it is owned by the
20:47
Big 4, but so is the pork, you know, 67% of the pork processing
20:54
owned by the same BIG4 and 60% of the poultry.
20:58
So really the key provisions is designed to boost competition
21:04
and I mean it it it's stating that single over there's a
21:07
single protein mandate. The big four Packers can no
21:11
longer have multi species operations.
21:15
I mean they really get the claws out on this.
21:18
They got to choose one JBS. You can't continue to monopolize
21:22
beef, poultry and pork. You got to choose one and then
21:27
after you do that though, they they really take aim at them,
21:30
but they require foreign owned companies to sell off US
21:34
operations. JBS would would be out the
21:38
Smithfield, which a lot of people don't realize is a
21:40
Chinese company, the the pork producer and it it it puts
21:44
limits on vertical supply relationships.
21:48
Bill takes aim at long term contracts between meat Packers
21:54
and feedlots. And I think if you would really
21:56
survey a lot of the feed yards, they wish they weren't in that
22:00
the position that they're in. Well, this will this will
22:04
eliminate all of that. You know, no more exclusive 100%
22:08
controlled feed yard to 1 Packer.
22:11
It's going to disallow that and 1 Packer can only buy 10% the
22:17
feedlots inventory on feed yards that feed over 24,000 cattle.
22:22
Now you know, I, I mean it's just pops up multiple questions
22:26
and it's easy to talk about and easy to say, but you know, you
22:30
just have one huge regional Packer.
22:33
Well, you know how many miles till the next one and you got to
22:37
sell your other 90% to, you know essentially 9 different Packers.
22:43
Well, the infrastructure is not there probably to do it, but it
22:46
does outline that the Packer cannot feed cattle or own a fat
22:50
cattle inventory for any more than 14 days.
22:54
And really trying to make a line of separation of between the
22:57
Packers and the feeders. It limits concentration of beef
23:02
processing and regional and national areas, forcing
23:07
processing plants to sell facilities until competition is
23:12
restored. So in its form, it's a good
23:15
read. It really outlines a lot of
23:17
things that that that that we've been talking about, you know,
23:20
currently the the big 4 alternative marketing agreements
23:24
and the Ranch to rail vertically integrated program.
23:28
If those two really squeeze all the value out of the product and
23:32
it's resulted in, and we've said it many times, no price
23:35
discovery or competition for the independent producer.
23:39
What does he do? How does he find out where to
23:42
price his cattle at or what the cattle are worth when it's
23:45
completely vertically integrated and you know, you've got these
23:50
AMA programs, the outliers, what do they use for price discovery?
23:55
And they're, they're starting to recognize that And you know, I,
24:00
I think it's great there, but the, the problem is that that
24:05
scenario is really getting compounded now because, you
24:08
know, we're closing all of these plants and that offers producers
24:12
less places to kill cattle. Just like we said about Greeley
24:15
being down. Well, if you're right around
24:18
there, that's, that's one last place you've got to send cattle.
24:21
So you're paying freight to Hiram, Utah or back into into
24:26
Cactus, Texas. And it really the concentration
24:30
goes to another level as these independent producers are forced
24:35
what you're forced to do. And I think what what the
24:38
Packers main goal is, is to make some kind of alliance.
24:42
You'll have to to to stay in business.
24:45
I mean, you need to secure someplace you can kill these fat
24:49
cattle. And so these Packers and
24:52
purebred breeders are, are really, they're fighting for a
24:56
bigger piece of a smaller buy. And you think about that, you
24:59
know, there's less and less plants and there's we all know
25:03
there's less cattle. And so competition pretty fierce
25:07
for, for, for what's out there. And they're really wanting to
25:10
tie up these calves out of what what cows are left available.
25:17
But they're going to turn it over to the Federal Trade
25:19
Commission. And they said they're going to
25:22
order them do, according to the bill, to sell off these plants
25:25
and facilities, no more foreign leverage over the domestic meat
25:30
supply. But all of this sounds good and
25:33
great. But man, it raised, like I said,
25:35
a lot of questions. We have to be really, really
25:37
careful on how they apply the remedy without killing the
25:41
patient. You know, how how would our
25:44
industry survive total reform? Something, something like this,
25:48
you know, in its original form, it would have to be introduced
25:52
pretty slow and really in a resident regimented fashion.
25:57
So it just didn't disrupt just tip the whole apple cart over,
26:01
you know, but that doesn't mean it it can't be done.
26:03
At least they're looking at it and any of the options, you
26:06
know, they they would really, in my mind, have to be in place
26:10
before this digest your project ever begin.
26:15
You know, you you'd have to have other places set up and small
26:18
deals kind of say, OK, we're ready, we're start and just
26:21
bleed into it slowly. If this bill went through and
26:24
it's its original form, but it's going to be really interesting
26:27
to see what comes out of it. Maybe it's a step in the right
26:30
direction and with the low numbers and the plant closures
26:34
now might be the perfect timing, but it'll take forever to get
26:38
all the T's crossed and the i's dotted.
26:40
But I think both of the Senate Democrats and, and the
26:44
administration both kind of acknowledged that there is a
26:47
problem there. And it's good to see something
26:50
written down in a bill introduced, and we'll see where
26:53
it goes from there. My biggest concern with it is
26:57
just what you said of we cannot implement this overnight.
27:00
It will absolutely wreck our industry in the blink of an eye.
27:06
Even though there are a lot of things in there that I think a
27:09
lot of us can agree like yes, there are problems that need
27:12
solutions and need solved. We cannot do it overnight.
27:16
You can't take JBS as a foreign owned company and completely
27:21
take them out of the market overnight.
27:23
Like that would wreck our industry.
27:26
And I'm here, I'm really curious to see how this plays out
27:30
because it's almost one of those situations that I'm like, are we
27:34
maybe a little extreme on this bill?
27:36
Are we maybe a little too like are we trying to, did they give
27:40
us an inch and we're trying to take a mile type of situation?
27:43
Or should we try and maybe instead of doing it all at once,
27:47
take like little pieces at a time instead of being like this
27:51
is wrong, we're doing this, we're doing this like you can
27:53
only have one species. You can't have foreign owned.
27:56
You have to start selling, You have to like you can't do
28:00
vertical integration. Like all of these things like
28:02
great, grand, awesome. But what is the instability that
28:07
it's going to bring to our industry while we transition?
28:11
And I think they know that I, I, I, you know, any rational
28:15
thought process would, would, would tell you they can't do
28:18
that overnight. But I think and I don't read
28:21
that many bills and, and see how, how they're introduced.
28:24
But I, I think they start with a premise knowing that this is
28:29
going to be dissected and devoured and and they
28:34
everybody's going to have their little playoff the deal.
28:37
But in the same sense, Lord, if you don't start somewhere with
28:42
a, a, a premise to work off of knowing that it's not realistic.
28:47
But hey, here is the general drift of what we're wanting to
28:51
get across. And by the time it's polluted
28:54
down, maybe we can salvage something out of it.
28:57
But the the original intent is great.
29:00
Maybe just through the legislative process, that's how
29:04
it has to be designed to say boom, boom, boom.
29:07
Here's our points. This is the problem.
29:09
This is what's going on now. We'll take some committees and
29:13
we'll take some response and find out how we're going to
29:16
dissect this and implement it at the end of the day.
29:20
So and I, I'm not saying that I know that, but I'm sure even as
29:24
unrealistic as the people that brought it up, they would have
29:27
some idea that it's probably not going to happen tomorrow.
29:30
But you know, maybe you like, I like the language, it's just
29:33
getting to that point. What's it going to take?
29:35
But I think we all know it at the very end, it's a healthier
29:39
environment if we can go through all of these things, as we
29:43
mentioned, how do you go through them all without just completely
29:47
disrupting the entire industry? And, and there's going to be
29:50
some shake UPS along the way, no doubt, you know, but I think
29:54
they're working on it on multiple fronts and and we're
29:59
hopefully going to go through interesting times and maybe
30:02
nothing will happen. You know, it could be just
30:05
another flash in the like Trump said we're going to get beef
30:09
prices down and the cutouts over 4 bucks last night.
30:12
You know, it hasn't gotten any cheaper and I don't know if you
30:17
know, I'm sure we've all had an Argentine influenced hamburger
30:21
lately and and it damn sure wasn't any cheaper.
30:24
So it went just like we said, you know, just take all the
30:28
product, put it in the power of the Packer and what's he do?
30:32
Raises the price on all of it. So anyway.
30:34
Yeah, no, all really good, good points that you're making on all
30:37
of that. This is going to be one of those
30:39
things that I'm really curious to see how it gets dissected and
30:43
to see how it kind of starts to come to fruition and play
30:46
together. John, I'm going to be completely
30:48
honest. I did not think that there would
30:50
be a day on this podcast that we would be talking about Bernie
30:53
Sanders in a positive way. So I'm being completely honest.
30:57
Yeah, well, you know, we're close to Oklahoma.
31:01
We, you know, Elizabeth, she's got a lot of that Indian blood
31:04
in her. So, you know, regional wise, she
31:07
gets a free pass and and actually Cory Booker has done
31:10
some. Respect some good things.
31:13
Yeah, work for our industry, but let, let's don't, yeah, let's
31:17
don't get too far. Don't want to give anybody the
31:20
wrong impression about this podcast.
31:23
Oh, my gosh. Oh, that's too funny.
31:25
I love it. I love it.
31:26
Well, I'm curious to see how it continues to unfold and
31:30
continues to develop as it comes to fruition and gets dissected
31:34
on Capitol Hill. But this was a great
31:37
introduction of it and I'm sure a lot of cattlemen out there
31:40
will be curious to see how this shakes out in our industry and
31:44
just the different waves that it will bring over the next two
31:47
years. Because if this comes to
31:48
fruition, guys, it's going to be a, it's going to be an
31:50
interesting time as it gets implemented.
31:52
And like you said, the boats got to get rocked a little bit in
31:56
order for some solutions to start happening.
31:58
So it'll be curious to see how it all all comes to fruition.
32:00
But do you have anything else that we need to head on today,
32:03
John? Any other closing comments or
32:04
regards? I don't, I don't think so, but
32:07
anywhere everybody's got kind of an awareness now of even what's
32:11
out there. You know, I encourage you to,
32:14
you know, get older, your representative and say, hey, you
32:17
know, what's the deal? Is anything shaken on this
32:20
family grocery and farmer relief Act?
32:23
What are you hearing? What's happening?
32:24
So maybe push it to the forefront a little bit and we'll
32:28
we'll see what develops it. It'll be fun to watch and we'll
32:31
keep you informed as as we learn things.
32:34
We absolutely. Well, as always, John, thank you
32:37
for your time, your knowledge, and for coming on and sharing
32:40
just your thoughts and everything that you have to
32:42
provide to us and the audience and to all of our audience
32:45
members. Thanks for listening to another
32:47
episode of the Cattle USA Daily Podcast.
32:50
We will see you all next time.