The author of the original cattle market bill says the newest version should ensure robust price discovery and transparency.
Deb Fischer, a Republican from Nebraska, says mandatory minimums will need to be met in the 5-7 regions that have been established by a USDA rulemaking process. “But I want to be clear that will just be in states and regions that have one of the four packers there. It doesn’t change the LMR reporting regions. That stays the same.”
She says the earlier version of the Cattle Price Discovery and Transparency Act had five regions mandating cash trade levels, but stakeholders said that didn’t encompass all producers and it would have unintended consequences.
