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Optimizing Cattle Market Act: Enhancing Transparency for Producers

This act aims to increase transparency in the cattle purchasing market, potentially helping producers secure better prices. It mandates the creation of a public database for cattle contracts and establishes minimum requirements for open market cattle purchases. This will provide producers with better access to information about market conditions.
Key points
A public library of cattle contracts will be established, increasing information availability for producers.
Regional mandatory minimums for cash market cattle purchases will be introduced to support fair pricing.
Reporting frequency for planned cattle deliveries will increase, improving market transparency.
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Additional Information
Print number: 117_HR_3766
Sponsor: Rep. Hartzler, Vicky [R-MO-4]
Process start date: 2021-06-08