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Increased Transparency and Fairness in Cattle Pricing for Farmers

This act aims to increase transparency in the cattle market, potentially helping farmers get better prices for their livestock. It introduces new reporting rules and creates a public contract library, making it easier to understand how prices are set. This will provide farmers with more information to make better selling decisions.
Key points
A public library of cattle purchase contracts will be established, increasing access to information on trade terms.
Mandatory minimums for negotiated cattle purchases will be introduced, aiming for fairer prices for producers.
Increased frequency and detail in reporting market data, including carcass weights and cutout yields, will improve market transparency.
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Expired
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Additional Information
Print number: 118_HR_1287
Sponsor: Rep. Feenstra, Randy [R-IA-4]
Process start date: 2023-03-01
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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 Price Discovery and Transparency Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1287.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-03-01.

What are the main provisions?

Key points include:

  • A public library of cattle purchase contracts will be established, increasing access to information on trade terms.
  • Mandatory minimums for negotiated cattle purchases will be introduced, aiming for fairer prices for producers.
  • Increased frequency and detail in reporting market data, including carcass weights and cutout yields, will improve market transparency.
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 Rep. Feenstra, Randy [R-IA-4].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Livestock, Dairy, and Poultry.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Agriculture Economy