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Cattle Price Transparency Act: Fairer Meat Market for All

This act aims to increase transparency and fairness in the cattle market, potentially affecting meat prices in stores. It introduces new rules for price and contract reporting, giving farmers better market insight and consumers more stable prices.
Key points
Establishes a public library of cattle purchase contracts, providing farmers with better insight into market conditions.
Introduces mandatory minimum negotiated purchases of cattle by large processing plants to increase competition.
Modifies rules for reporting prices and carcass weights to make market information available faster and more accurately.
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Additional Information
Print number: 117_S_4030
Sponsor: Sen. Fischer, Deb [R-NE]
Process start date: 2022-04-07