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Cattle Market Transparency Act of 2021

USA117th CongressS-543| Senate 
| Updated: 3/2/2021
Deb Fischer

Deb Fischer

Republican Senator

Nebraska

Cosponsors (4)
Mike Braun (Republican)Cindy Hyde-Smith (Republican)Steve Daines (Republican)Ron Wyden (Democratic)

Agriculture, Nutrition, and Forestry Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Cattle Market Transparency Act of 2021 This bill directs the Department of Agriculture (USDA) to establish and maintain a library or catalog of each type of contract offered by packers to producers for the purchase of all or part of the production of fed cattle (including cattle that are purchased or committed for delivery). Fed cattle means a steer or heifer that has been feeding on a ration of roughage and feed concentrates prior to slaughter, including grains, protein meal, grass, and other nutrient-rich feeds. USDA must create and maintain a publicly available library of the types of contracts that are being offered by packers to, and are open to acceptance by, producers for the purchase of fed cattle. Additionally, USDA must also establish (1) regional mandatory minimum thresholds to enhance price discovery and transparency for cattle market participants; and (2) methods for establishing such thresholds, which shall be publicly available. Further, the bill revises daily reporting requirements for packer processing plants by requiring them to include the number of cattle scheduled to be delivered for slaughter each day for the subsequent 14 days.
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Timeline

Bill from Previous Congress

S 116-4647
Cattle Market Transparency Act of 2020
Mar 2, 2021
Introduced in Senate
Mar 2, 2021
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
  • Bill from Previous Congress

    S 116-4647
    Cattle Market Transparency Act of 2020


  • March 2, 2021
    Introduced in Senate


  • March 2, 2021
    Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Agriculture and Food

Related Bills

  • S 117-3229: Cattle Price Discovery and Transparency Act of 2021
  • HR 117-3766: Optimizing the Cattle Market Act of 2021
  • HR 117-5609: Cattle Contract Library Act of 2021
  • HR 117-5992: Cattle Price Discovery and Transparency Act of 2021
Administrative law and regulatory proceduresAgricultural prices, subsidies, creditBusiness recordsContracts and agencyDepartment of AgricultureGovernment information and archivesLivestockMeatRight of privacy

Cattle Market Transparency Act of 2021

USA117th CongressS-543| Senate 
| Updated: 3/2/2021
Cattle Market Transparency Act of 2021 This bill directs the Department of Agriculture (USDA) to establish and maintain a library or catalog of each type of contract offered by packers to producers for the purchase of all or part of the production of fed cattle (including cattle that are purchased or committed for delivery). Fed cattle means a steer or heifer that has been feeding on a ration of roughage and feed concentrates prior to slaughter, including grains, protein meal, grass, and other nutrient-rich feeds. USDA must create and maintain a publicly available library of the types of contracts that are being offered by packers to, and are open to acceptance by, producers for the purchase of fed cattle. Additionally, USDA must also establish (1) regional mandatory minimum thresholds to enhance price discovery and transparency for cattle market participants; and (2) methods for establishing such thresholds, which shall be publicly available. Further, the bill revises daily reporting requirements for packer processing plants by requiring them to include the number of cattle scheduled to be delivered for slaughter each day for the subsequent 14 days.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-4647
Cattle Market Transparency Act of 2020
Mar 2, 2021
Introduced in Senate
Mar 2, 2021
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
  • Bill from Previous Congress

    S 116-4647
    Cattle Market Transparency Act of 2020


  • March 2, 2021
    Introduced in Senate


  • March 2, 2021
    Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Deb Fischer

Deb Fischer

Republican Senator

Nebraska

Cosponsors (4)
Mike Braun (Republican)Cindy Hyde-Smith (Republican)Steve Daines (Republican)Ron Wyden (Democratic)

Agriculture, Nutrition, and Forestry Committee

Agriculture and Food

Related Bills

  • S 117-3229: Cattle Price Discovery and Transparency Act of 2021
  • HR 117-3766: Optimizing the Cattle Market Act of 2021
  • HR 117-5609: Cattle Contract Library Act of 2021
  • HR 117-5992: Cattle Price Discovery and Transparency Act of 2021
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresAgricultural prices, subsidies, creditBusiness recordsContracts and agencyDepartment of AgricultureGovernment information and archivesLivestockMeatRight of privacy