American Farm Bureau
Recently introduced legislation would create greater price discovery and transparency within the cattle market, while giving producers more tools and useful information. The Farm Bureau-backed Optimizing the Cattle Market Act of 2021 would direct USDA to create a cattle formula contracts library and increase the reporting window for “cattle committed” from seven to 14 days.
The bill would also require USDA, in consultation with the department’s chief economist, to establish mandated minimums for regional negotiated cash and negotiated grid live cattle trade.
READ MORE