Nebraska Senator Deb Fischer and Oregon Senator Ron Wyden introduced the Cattle Market Transparency Act of 2021 in the Senate Wednesday.
The bill would establish a formula contract library at USDA for cattle producers to compare formula arrangements available, change the committed cattle delivery window to packers from seven to 14 days and would provide more access to price information limiting packer confidentiality.
Tanner Beymer with the National Cattlemen’s Beef Association tells Brownfield the legislation is a step in the right direction.
