Around the turn of the century, there were highly consolidated meatpackers.

在世纪之交，肉类加工业高度整合。

Not having those competitive bids for the sale between meatpackers and feedlot owners means Ted might get a lower price.

没有肉类加工业和饲养场所有者之间的竞争性投标，这意味着泰德可能会得到更低的价格。

But the sale between feedlot owners and the meatpackers looks a lot different.

但饲养场所有者和肉类加工业之间的交易看起来有很大不同。

But with only four big meatpackers there are fewer bids, and they typically don't take place at an auction.

但由于只有四家大型肉类加工业，竞拍次数较少，而且通常不会以拍卖的方式进行。

The feedlot owner then sells the finished cattle to the meatpacker, the company that slaughters them and sells their meat to consumers.

饲养场的主人然后将完成的牛卖给肉类加工厂，即屠宰这些牛并将其肉卖给消费者的公司。

Cattle producers who are saying this is clear evidence of highly concentrated meatpackers using their position in the middle of the market to maximize their profits.

养牛生产商说，这是高度集中的肉类包装商利用他们在市场中间的地位来实现利润最大化的明显证据。

Solutions to promote competition include a proposed bill that would reduce the amount of contract sales between feedlot owners and meatpackers from 72% to 50%.

促进竞争的解决方案包括一项拟议的法案，该法案将把饲养场所有者和肉类加工业之间的合同销售额从72%减少到50%。

That's why about 72% of the sales in 2021 between feedlot owners and meatpackers is through a contract instead of an auction which removes them completely from the price discovery process.

这就是为什么在2021年，饲养场所有者和肉类加工业之间约72%的销售额是通过合同而不是拍卖来实现的，因为拍卖将他们完全排除在价格发现过程之外。

Before the industry got so concentrated again in the 80's, meatpacker representatives from different companies used to fill these stands like everyone else contributing to price discovery and higher prices for ranchers.

在上世纪80年代这个行业再次变得如此集中之前，不同公司的肉类加工代表过去常常坐在这些摊位上，就像其他人一样，帮助农场主价格发现，提高其产品价格。