Legislation is expected to be introduced in Congress next week that would significantly reform the structure of the U.S. cattle markets

“This is the silver bullet.”

R-CALF CEO Bill Bullard tells Brownfield the bill would make comprehensive changes to all aspects of the market, and it starts with prohibiting packers from entering into formula contracts. “It addresses the single most, dangerous threat to the competitiveness of the industry and the is the use of these unpriced contacts that give the packers the ability to leverage down domestic cattle prices.”

Senator Cory Booker, a Democrat from New Jersey, and Representative Ro Khanna, a Democrat from California, announced the Protecting America’s Meatpacking Workers Act of 2021 on Monday.

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