Many in the cattle industry are in agreement that increased transparency in markets is needed, but how to get there remains under debate.
During a Senate Ag Committee hearing on Tuesday, William Ruffin, a cattle producer from Bay Springs, Mississippi said the Cattle Price Discovery and Transparency Act of 2022 is the best way to do that. “If the packers do have to buy cattle off the negotiated cash market, then it’s going to cause more independent feedyards, who are on the verge of bankruptcy now to be back in the market,” he says.
Shawn Tiffany owns and operates Tiffany Cattle Company, an independent cattle feeding, and marketing operation, based in Kansas.
