NCBA Welcomes Discussion on Cattle Market Transparency Act
WASHINGTON (March 2, 2021) – Senator Deb Fischer (R-NE) today introduced the Cattle Market Transparency Act in the U.S. Senate. If enacted, this legislation would direct the Secretary of Agriculture and the Office of the Chief Economist at the U.S. Department of Agriculture (USDA) to establish regional mandatory minimums for negotiated trade of fed cattle. It would also direct USDA to establish a library of cattle formula contracts, amend the definition of “cattle…