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New Legislation on Cattle Market Transparency Introduced

New Legislation on Cattle Market Transparency Introduced
On Tuesday, March 2, U.S. Sens. Deb Fischer and Ron Wyden introduced the Cattle Market Transparency Act of 2021.  The bill focuses on ensuring robust regionally negotiated cash trade and providing producers with more pricing information. This bill would work to establish regional mandatory minimum levels of negotiated trade, as well as mandate new reporting requirements and address confidentiality guidelines in Livestock Mandatory Reporting. The bill aligns with the goals set forth last year by the American Farm Bureau Federation’s Cattle Market Working Group, as well as new cattle marketing policy passed by AFBF’s voting delegates at the 102nd Annual Convention in January.  For more, please click here.

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