Since March 2008, the Organization for Competitive Markets (OCM)has aggressively opposed the JBS/National Beef merger on the grounds that it would exacerbate the distortions already evidenced in the U.S. cattle market and would strengthen JBS’ ability to use packer-owned cattle and other forms of captive supplies to manipulate prices paid to hundreds of thousands of independent cattle producers.
My, July 14, 2008 post called "Meat conglomerates" showed my home-made graphic of the market hold that JBS would have had if the merger had taken place.
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