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Cattle Price Transparency Act: Fairer Meat Market for Farmers

This Act aims to increase transparency in the cattle market by introducing new price reporting rules and establishing a contract library. Producers will have access to information on contract terms offered by packers. The Act also establishes regional mandatory minimums for negotiated purchases to support price discovery.
Key points
Cattle contract library: The Secretary of Agriculture will establish a catalog of contract types offered by packers to producers.
Mandatory regional minimum purchases: Packers will be required to purchase a minimum percentage of cattle through negotiated purchases or negotiated grid purchases.
Increased price reporting transparency: New rules require reporting of base price information and expedited reporting of carcass weights.
Higher penalties for violations: The Act mandates a revision of regulations to establish a maximum civil penalty of $86,156.
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Expired
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Additional Information
Print number: 117_S_3229
Sponsor: Sen. Fischer, Deb [R-NE]
Process start date: 2021-11-17
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Cattle Price Discovery and Transparency Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3229.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-11-17.

What are the main provisions?

Key points include:

  • Cattle contract library: The Secretary of Agriculture will establish a catalog of contract types offered by packers to producers.
  • Mandatory regional minimum purchases: Packers will be required to purchase a minimum percentage of cattle through negotiated purchases or negotiated grid purchases.
  • Increased price reporting transparency: New rules require reporting of base price information and expedited reporting of carcass weights.
  • Higher penalties for violations: The Act mandates a revision of regulations to establish a maximum civil penalty of $86,156.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Fischer, Deb [R-NE].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Agriculture Economy