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The bill would establish minimum levels of fed cattle purchases made through approved pricing mechanisms, which includes negotiated cash, negotiated grid, at a stockyard, and through trading systems that multiple buyers and sellers regularly can make and accept bids.
The consumer transparency study focused on consumers’ growing interest in transparency and its importance in their purchasing decisions and brand trust.
The U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service has created a Cattle Contracts Library Pilot Program to increase market transparency for cattle producers.