Senators introduce bipartisan bill to increase transparency in cattle market

Press release

WASHINGTON — Sens. Chuck Grassley, R-Iowa, and Jon Tester, D-Mont., along with their colleagues Sens. Steve Daines, R-Mont., Joni Ernst, R-Iowa, John Hoeven, R-N.D., Tina Smith, D-Minn., Mike Rounds, R-S.D., Ron Wyden, D-Ore., and Cory Booker, D-N.J., have introduced legislation to foster efficient markets while increasing competition and transparency among meat packers who purchase livestock directly from independent producers.

This bipartisan bill will require that a minimum of 50 percent of a meat packer’s weekly volume of beef slaughter be purchased on the open or...