Economic theory suggests that adding a competitive buyer to a market should have positive effects on competition and prices, ceteris paribus. An additional buyer increases market demand, shifting demand to the right, and expands the number of active buyers, reducing average market shares of...

Concerns about potential impacts of captive supply on fed cattle prices have been present for several years inboth Canada and the US. In Canada, the magnitude of concern escalated during closure of the US border to fedcattle trade (May 2003 to July 2005) and has remained at an elevated level....