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Updated Cattle Market Reform Bill Introduced in Congress

An updated version of the Cattle Price Discovery and Transparency Act has been introduced in the U.S. Senate.

The updated bipartisan bill would:

The update keeps the cash trade mandates included in the previous version of the bill.

First introduced in Nov. 2021, Senators Chuck Grassley (R-IA), Jodi Ernst (R-IA), Deb Fischer (R-NE), Jon Tester (D-MT) and Ron Wyden (D-OR) introduced the updated legislation.

The bill is also supported by Indiana Senator Mike Braun.

In a press release, Sen. Grassley says the bill would “return fairness to the cattle marketplace dominated by four major meat packers.”

“[The] USCA stands with county, state, and national producer associations across the U.S. in supporting mandatory cash trade minimums,” Says U.S. Cattlemen’s Association President Brooke Miller says,

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

Click HERE to read more about the Cattle Price Discovery and Transparency Act.