Yes, there definitely are both. As I mentioned earlier, the supply chain is so broken up into different stages that there is a real communication issue within the beef industry, which doesn't exist with poultry and pork, and specifically with something like genetics, right?
So you have a cow-calf operator who has been raising young calves for sale and is selling them to a buyer, who then sells them to a feedlot, which then sells them to a packer. There's no discussion point throughout this, so if I'm a cow-calf operator, I'm making decisions on genetics—what kind of bull to use on what kinds of cows—with no understanding of what the end product actually looks like.
To get to your point, vertically integrating this would definitely assist them from a genetic standpoint and would bring all the parties together so that they're working to create a more uniform product, which is something that I think the poultry and the pork businesses have done far better than the beef business. So in that regard, I'm all for it.
On the flip side, of course, like all things that become a monopoly, you run into that risk of price controls and the lack of third-party involvement in terms of how the animals are reared and how they're processing them right through. So I'm giving you an ambiguous answer, but I think there are pros and cons for both. I think the pros would definitely be on the production side. The cons would definitely be anything related to something on that scale and to what Kathleen has been talking about—eliminating the small farmer.