Weather Alert

Grassley, Colleagues Unveil Updated Cattle Market Reform Bill

Iowa Republican Senator Chuck Grassley this week introduced an updated version of the Cattle Price Discovery and Transparency Act. 

First introduced in November, Senators Deb Fischer, a Nebraska Republican, Jon Tester, and Montana Democrat, and Ron Wyden, an Oregon Democrat, joined Grassley to introduce the update. 

The updated legislation allows for more regions, five to seven, encompassing the entire continental U.S. and then establishes minimum levels of fed cattle purchases made through approved pricing mechanisms. 

The update retains the cash trade mandates included in the previous version of the bill. U.S. Cattlemen’s Association President Brooke Miller says, “USCA stands with county, state, and national producer associations across the U.S. in supporting mandatory cash trade minimums.” 

National Farmers Union President Rob Larew says the legislation “would shed light on the market and bring about greater fairness.” 

The updated bill also Increases penalties for violations by packers, and requires that livestock mandatory reporting data be made consistently available.

(Story Courtesy of the NAFB News Service)



Connect With Us Listen To Us On