Many U.S. cattle producers are rallying behind the Cattle Market Transparency Act of 2021, which was introduced into Congress by U.S. Senators Deb Fischer (R-NE) and Ron Wyden (D-OR) on March 2. This dynamic piece of legislation aims to promote healthy cattle markets by ensuring transparency and establishing regionally sufficient cash negotiated trade.
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Lots of industry support for the Cattle Market Transparency Act of 2021
Selling a mandatory minimum amount of fat cattle on a negotiated cash basis, like as is done at an auction, will allow for more robust price discovery and great transparency in the cattle market.
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