The National Cattlemen’s Beef Association came out in opposition to a bill that would require a minimum of 50 percent of a meat packer’s beef volume for slaughter be bought on the cash market.
The Hagstrom Report says the bill was introduced in the Senate by Iowa’s Chuck Grassley and Jon Tester of Montana. NCBA’s Policy Division Chair Todd Wilkinson says,
“Currently, cattle producers use a multitude of methods to market their livestock, including the cash market. Increased price discovery will benefit all segments of the cattle industry, which is why NCBA has been working closely with key stakeholders, industry experts, and other partners to develop measurable means to meet that end.”
He says any solution shouldn’t restrict an individual producer’s freedom to pursue marketing avenues that they determine will best meet their operation’s unique needs.
“The bill being proposed by Senator Grassley would arbitrarily force many cattle producers to change the way they do business,” Wilkinson adds. “We’ll be working toward a more equitable solution.”
While NCBA is opposed to the bill, the U.S. Cattlemen’s Association and R-CALF USA have endorsed the legislation.