Bill Sponsor
House Bill 8557
116th Congress(2019-2020)
Cattle Market Transparency Act of 2020
Introduced
Introduced
Introduced in House on Oct 9, 2020
Overview
Text
Introduced
Oct 9, 2020
Latest Action
Oct 9, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
8557
Congress
116
Policy Area
Agriculture and Food
Agriculture and Food
Primary focus of measure is agricultural practices; agricultural prices and marketing; agricultural education; food assistance or nutrition programs; food industry, supply, and safety; aquaculture; horticulture and plants. Measures concerning international trade in agricultural products may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Missouri
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Cattle Market Transparency Act of 2020

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 regional mandatory minimum thresholds to enhance price discovery and transparency for cattle market participants.

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.

Text (1)
October 9, 2020
Actions (2)
10/09/2020
Referred to the House Committee on Agriculture.
10/09/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:44:33 PM