Thank you, Chair.
I have two quick things. One, on the Better Beef and the Cargill merger, you interviewed and obtained information from feedlot owners, farmers, industry, and cattle brokers. Could you first just quickly tell me how that happens in terms of their response, their support in moving ahead in conjunction with all the other investors or stakeholders?
And second, on the XL-Lakeside transaction, you say there were some issues and that you're concerned about the MCOOL and a number of those unknowns. You put it through, and then you said at the end, “I can assure the members of this Committee that the Bureau will not hesitate to take appropriate remedial action....”
I don't know what that actually means, because once it's through, you can't disseminate it and put them back out there. You're going to give them a fine of $10 million or whatever. They make enough money to pay the fine, and then they continue to make the industry uncompetitive beyond their own best value.
Do you have any comments on those?