NFU Supports Revised Cattle Market Legislation

Today, the Cattle Price Discovery and Transparency Act of 2022 was publicly released, led by Sens. Jon Tester (D-MT), Chuck Grassley (R-IA), Deb Fischer (R-NE), and Ron Wyden (D-OR). The bill is a revised version of similar legislation introduced last year. As with the 2021 version, National Farmers Union (NFU) supports the bill and urges Congress to act quickly to pass this critically important legislation. 

“Rampant consolidation in the cattle industry has made pricing in the cattle market increasingly opaque,” said NFU President Rob Larew. “Fair and competitive markets rely on price discovery and transparency. For farmers and ranchers to bargain effectively with packers, they need access to reliable, accurate pricing information. This bill would shed light on the market and bring about greater fairness. 

“NFU thanks Senators Tester, Grassley, Fischer, and Wyden for their continued leadership on this issue. The bill improves upon the version from November 2021, and we encourage swift action by the Senate and House on this legislation.”