The National Cattlemen’s Beef Association says Iowa Senator Chuck Grassley’s 50/14 bill is not the solution the beef industry needs to increase price discovery and improve competitiveness in the cattle market.
The bipartisan legislation, cosponsored by Jon Tester of Montana, would require a minimum of 50% of meat packers’ weekly volume to be purchased on the open or spot market and require it to be delivered within 14 days.
Ethan Lane is vice president of government affairs.
