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The wholesale pricing by packers shifted from being consistent with a perfectly competitive pricing in the pre-cartel period to being consistent with the oligopoly and monopoly pricing in the cartel period. The retail pricing by food retailers was consistent with an oligopoly pricing in both periods.
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SOURCE: Farmer & Cowboy Magazine – beef
AND ANGUS NEWS: Farmer & Beef Satireh
NOTE: Raising beef cattle and managing beef production requires a comprehensive understanding of various aspects, from breed selection and nutrition to health management and marketing. By implementing best practices and staying informed about industry trends, farmers can achieve success in beef cattle farming. Sustainable practices, effective management, and a commitment to animal welfare are essential for long-term profitability and the well-being of the herd. Whether starting a new operation or improving an existing one, this guide provides valuable insights and strategies to help farmers thrive in the beef cattle industry.
