What is the official ID of this bill?

The official print number for this legislation is S 949.

When did the legislative process begin?

The process officially started on 2021-03-24.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/117/bills/s949/BILLS-117s949is.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

Who is the primary sponsor?

The primary sponsor is Sen. Grassley, Chuck [R-IA].

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Analysis and Potential Impact of S 949

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

Increased Competition and Transparency in Livestock Purchase Markets

Q: What are the main provisions?

Key points include: Large processing plants (excluding those with only one plant) must purchase at least 50% of their livestock (excluding pork, poultry, older cattle, and foreign-born cattle) through spot market sales. Spot market sales involve transactions with non-affiliated producers where a firm base price is set, slaughter occurs within 14 days, and the producer has a reasonable opportunity to receive bids from other buyers. State laws can require packers to purchase an even higher percentage of livestock on the spot market than mandated by this federal act.

New regulations aim to boost fair competition and transparency in the market for purchasing livestock from producers. This means large processing plants will be required to buy a significant portion of their livestock on the open market, potentially impacting prices and income stability for farmers. The goal is to ensure farmers have more opportunities to sell their animals at fair prices.

Key points

Large processing plants (excluding those with only one plant) must purchase at least 50% of their livestock (excluding pork, poultry, older cattle, and foreign-born cattle) through spot market sales.

Spot market sales involve transactions with non-affiliated producers where a firm base price is set, slaughter occurs within 14 days, and the producer has a reasonable opportunity to receive bids from other buyers.

State laws can require packers to purchase an even higher percentage of livestock on the spot market than mandated by this federal act.

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Additional Information

A bill to amend the Agricultural Marketing Act of 1946 to foster efficient markets and increase competition and transparency among packers that purchase livestock from producers.

Print number: S 949

Sponsor: Sen. Grassley, Chuck [R-IA]

Process start date: 2021-03-24

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-2.5-flash-preview-05-20

Source data: api.congress.gov

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Increased Competition and Transparency in Livestock Purchase Markets

Key Questions about Increased Competition and Transparency in Livestock Purchase Markets