Legislation introduced to provide pricing leverage for cattle producers
Story Date: 10/22/2021

 

Source: SOUTHEAST AGNET, 10/21/21

Editor's Note: US Rep. David Rouzer (NC-7th) is a cosponsor.

Wednesday, Ranking Member of the Livestock & Foreign Agriculture Subcommittee Dusty Johnson (R-S.D) and Representative Henry Cuellar (D-TX-28) introduced the bipartisan Cattle Contract Library Act of 2021 (H.R. 5609), which would create a library for cattle contracts within the USDA’s Agriculture Marketing Service. Currently, USDA maintains a pork contract library, and following significant volatility in the cattle market and the release of the July 2020 Boxed Beef & Fed Cattle Price Spread Investigation Report, the creation of a library...

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