Details released on updated cattle market bill with regions, mandated cash trade

A bipartisan group of senators has revamped a piece of legislation that they hope will ensure more price transparency in the cattle markets.

Iowa Senator Chuck Grassley tells Brownfield the latest version keeps regional cash trade requirements but adds more regions across the U.S. to include all cattle producers. “To make it national is a move in the right direction.”

Under the updated Cattle Price Discovery and Transparency Act, USDA will conduct a rulemaking process to determine 5-7 regions that will cover the continental U.S.

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