A livestock market analyst continues to call for legislative action in the cattle market for better price discovery.
Corbitt Wall says cattle market price discovery and transparency legislation need to be passed now while the ‘iron is hot’.
Wall tells Brownfield while he prefers Iowa Senator Chuck Grassley’s 50-14 bill that would require half of a meat packer’s weekly volume be purchased on a cash basis with a 14-day delivery window, it would be tough to implement because many plants around him in the southern plains don’t buy any cattle on the cash market.
