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In early 1996, the peak in the current cycle of cattle inventories
coincided with a long list of negative factors--negative returns at
the farm and feedlot, record-high feed grain prices, a severe
drought in 1995-96, widening farm-retail price spreads, a low
farmers' share of the consumers' Choice beef dollar, and reports of
high profits for beefpackers. This confluence created an atmosphere
in which some producers and members of Congress questioned whether
the cattle industry was adversely affected by high packer
concentration and market power. This report examines the cattle
cycle of the 1990's to determine if there are differences from
previous cattle cycles and, if so, how and why any differences
occurred.
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Nadine Gordimer
Paperback
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R398
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Discovery Miles 3 300
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