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Beef Market Transparency: New Rules for Cattle Producers and Packers

This act aims to increase transparency in the beef market by establishing a cattle contract library. This will give cattle producers better access to information about contract terms offered by packers, helping them make more informed business decisions. Additionally, the act introduces minimum requirements for cash market cattle purchases, intended to improve price fairness.
Key points
A public library of cattle purchase contracts will be established, detailing terms offered by packers, increasing information access for producers.
Regional mandatory minimums for cash market cattle purchases will be introduced to enhance price fairness and transaction transparency.
Reporting frequency and scope for planned cattle deliveries to slaughterhouses will increase, providing better market insight.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_543
Sponsor: Sen. Fischer, Deb [R-NE]
Process start date: 2021-03-02
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Cattle Market 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_543.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-02.

What are the main provisions?

Key points include:

  • A public library of cattle purchase contracts will be established, detailing terms offered by packers, increasing information access for producers.
  • Regional mandatory minimums for cash market cattle purchases will be introduced to enhance price fairness and transaction transparency.
  • Reporting frequency and scope for planned cattle deliveries to slaughterhouses will increase, providing better market insight.
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 2025-12-29.

CATEGORIES

Agriculture Economy