The proof will be in the pudding. With cattle at sale barns, often the auctioneer is the only one bidding against 2 cattle buyers who are sitting together. With hogs wiki says "less than 15% are sold for cash" I think it`s out of date info, probably less than 5% of hogs aren`t under contract.
Line speeds are slowed, California wants a separate set of rules for meat sold in their state.
Grassley`s 50-14 Bill is a start, but I`d like contract livestock outlawed and only a cash market.
https://www.drovers.com/news/industry/grassley-reintroduces-50-14-bill-cattlemen-react
snip:
Bi-partisan legislation was introduced in the Senate on Wednesday that would require a minimum 50% of a meat packer’s weekly volume to be purchased on the open or spot market. The legislation is often referred to the "50/14" bill, also noting the 14-day window for delivery of the cattle.
