Senate Ag Schedules Meeting for Cattle Markets Legislation
By Jerry Hagstrom, DTN/Progressive Farmer
The Senate Agriculture Committee chairwoman and ranking member announced the committee will hold a business meeting on June 22 to consider S.3870, the Meat and Poultry Special Investigator Act of 2022, and S.4030, the Cattle Price Discovery and Transparency Act of 2022.
S. 4030, the Cattle Price Discovery and Transparency Act of 2022 would require USDA to establish minimum levels of negotiated cash trade for fed cattle by dividing up regions of the country. The cash-trade floor would depend on the number of packers in a region, availability of fed cattle, and the number of contractual arrangements -- alternative marketing agreements (AMAs) -- in each region as well. The mandate for cash trade would fall to packers that on average handle at least 5% of daily fed cattle slaughter.
The bill also would create a library at USDA of AMA contracts that would allow cattle producers to see the premiums others are receiving...