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Cattle Price Discovery and Transparency Act of 2023

USA118th CongressS-228| Senate 
| Updated: 2/2/2023
Deb Fischer

Deb Fischer

Republican Senator

Nebraska

Cosponsors (22)
Joni Ernst (Republican)Bill Cassidy (Republican)Mike Braun (Republican)Cindy Hyde-Smith (Republican)Richard J. Durbin (Democratic)Kirsten E. Gillibrand (Democratic)Ben Ray Luján (Democratic)Cynthia M. Lummis (Republican)Mike Rounds (Republican)Jon Tester (Democratic)John Kennedy (Republican)Martin Heinrich (Democratic)Tina Smith (Democratic)Sherrod Brown (Democratic)Josh Hawley (Republican)Jeff Merkley (Democratic)Chuck Grassley (Republican)Raphael G. Warnock (Democratic)Pete Ricketts (Republican)Steve Daines (Republican)Ron Wyden (Democratic)Richard Blumenthal (Democratic)

Agriculture, Nutrition, and Forestry Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Cattle Price Discovery and Transparency Act of 2023 This bill requires the Department of Agriculture (USDA) to take various actions to address transparency in contract terms and pricing in the cattle industry. Among these requirements, USDA must maintain a publicly available library or catalog of contracts entered into between meat packers and livestock producers for the purchase of cattle, including any schedules of premiums or discounts associated with the contracts and other specific details. USDA must make this information available to producers and other interested parties in a monthly report. The bill further requires USDA to establish five to seven regions encompassing the entire continental United States that reasonably reflect similar fed cattle purchase practices for processing plants and establish mandatory minimums for each region (i.e., the minimum percentage of cattle purchases that are required to be made through approved pricing mechanisms from producers that are not packers). Under the bill, approved pricing mechanisms are generally purchases of fed cattle made through a negotiated purchase, through a negotiated grid purchase, at a stockyard, or through trading systems or platforms where multiple buyers and sellers can regularly make and accept bids and offers. The bill also establishes a maximum penalty for mandatory minimum violations by covered packers. Under the bill, a covered packer is a packer that has slaughtered an average of 5% or more of the number of fed cattle slaughtered nationally during the immediately preceding five calendar years.
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Timeline

Bill from Previous Congress

S 117-4030
Cattle Price Discovery and Transparency Act of 2022

Bill from Previous Congress

S 117-3229
Cattle Price Discovery and Transparency Act of 2021
Feb 2, 2023
Introduced in Senate
Feb 2, 2023
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Apr 4, 2023

Latest Companion Bill Action

HR 118-1287
Referred to the Subcommittee on Livestock, Dairy, and Poultry.
  • Bill from Previous Congress

    S 117-4030
    Cattle Price Discovery and Transparency Act of 2022


  • Bill from Previous Congress

    S 117-3229
    Cattle Price Discovery and Transparency Act of 2021


  • February 2, 2023
    Introduced in Senate


  • February 2, 2023
    Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.


  • April 4, 2023

    Latest Companion Bill Action

    HR 118-1287
    Referred to the Subcommittee on Livestock, Dairy, and Poultry.

Agriculture and Food

Related Bills

  • HR 118-1287: Cattle Price Discovery and Transparency Act of 2023
Agricultural marketing and promotionAgricultural prices, subsidies, creditCivil actions and liabilityContracts and agencyFood industry and servicesGovernment information and archivesLivestockMammalsMeat

Cattle Price Discovery and Transparency Act of 2023

USA118th CongressS-228| Senate 
| Updated: 2/2/2023
Cattle Price Discovery and Transparency Act of 2023 This bill requires the Department of Agriculture (USDA) to take various actions to address transparency in contract terms and pricing in the cattle industry. Among these requirements, USDA must maintain a publicly available library or catalog of contracts entered into between meat packers and livestock producers for the purchase of cattle, including any schedules of premiums or discounts associated with the contracts and other specific details. USDA must make this information available to producers and other interested parties in a monthly report. The bill further requires USDA to establish five to seven regions encompassing the entire continental United States that reasonably reflect similar fed cattle purchase practices for processing plants and establish mandatory minimums for each region (i.e., the minimum percentage of cattle purchases that are required to be made through approved pricing mechanisms from producers that are not packers). Under the bill, approved pricing mechanisms are generally purchases of fed cattle made through a negotiated purchase, through a negotiated grid purchase, at a stockyard, or through trading systems or platforms where multiple buyers and sellers can regularly make and accept bids and offers. The bill also establishes a maximum penalty for mandatory minimum violations by covered packers. Under the bill, a covered packer is a packer that has slaughtered an average of 5% or more of the number of fed cattle slaughtered nationally during the immediately preceding five calendar years.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 117-4030
Cattle Price Discovery and Transparency Act of 2022

Bill from Previous Congress

S 117-3229
Cattle Price Discovery and Transparency Act of 2021
Feb 2, 2023
Introduced in Senate
Feb 2, 2023
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Apr 4, 2023

Latest Companion Bill Action

HR 118-1287
Referred to the Subcommittee on Livestock, Dairy, and Poultry.
  • Bill from Previous Congress

    S 117-4030
    Cattle Price Discovery and Transparency Act of 2022


  • Bill from Previous Congress

    S 117-3229
    Cattle Price Discovery and Transparency Act of 2021


  • February 2, 2023
    Introduced in Senate


  • February 2, 2023
    Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.


  • April 4, 2023

    Latest Companion Bill Action

    HR 118-1287
    Referred to the Subcommittee on Livestock, Dairy, and Poultry.
Deb Fischer

Deb Fischer

Republican Senator

Nebraska

Cosponsors (22)
Joni Ernst (Republican)Bill Cassidy (Republican)Mike Braun (Republican)Cindy Hyde-Smith (Republican)Richard J. Durbin (Democratic)Kirsten E. Gillibrand (Democratic)Ben Ray Luján (Democratic)Cynthia M. Lummis (Republican)Mike Rounds (Republican)Jon Tester (Democratic)John Kennedy (Republican)Martin Heinrich (Democratic)Tina Smith (Democratic)Sherrod Brown (Democratic)Josh Hawley (Republican)Jeff Merkley (Democratic)Chuck Grassley (Republican)Raphael G. Warnock (Democratic)Pete Ricketts (Republican)Steve Daines (Republican)Ron Wyden (Democratic)Richard Blumenthal (Democratic)

Agriculture, Nutrition, and Forestry Committee

Agriculture and Food

Related Bills

  • HR 118-1287: Cattle Price Discovery and Transparency Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Agricultural marketing and promotionAgricultural prices, subsidies, creditCivil actions and liabilityContracts and agencyFood industry and servicesGovernment information and archivesLivestockMammalsMeat