Cattle market reform bill reintroduced into the Senate
A bill that would restore transparency and accountability in the cattle markets has been reintroduced in the 118th Congress.
The Cattle Price Discovery and Transparency Act of 2023 would establish regional cash minimums and equip producers with additional market information, including a permanent cattle contract library.
The bipartisan legislation was introduced by U.S. Senators Deb Fischer (R-Neb.), Ron Wyden (D-Ore.), Chuck Grassley (R-Iowa), and Jon Tester (D-Mont.) on Thursday.
Fischer says she continues to hear from Nebraska ranchers about the need for market reforms.
Grassley says it’s time for Congress to intervene.
The bill passed the Senate Agriculture Committee in the last Congress.