The "Cattle Price Discovery and Transparency Act of 2023" is a federal bill aimed at enhancing transparency and price discovery in the cattle market. The main provisions of the bill include requiring meatpackers to purchase a minimum percentage of their cattle on the cash market, establishing mandatory price reporting for certain transactions, and prohibiting certain anti-competitive practices. This bill seeks to address concerns about market manipulation, improve fairness for cattle producers, and promote more accurate pricing mechanisms in the cattle industry. If enacted, it could have significant impacts on how cattle are bought and sold, potentially leading to fairer prices for producers and consumers alike.
2023-03-01: Introduced in House
2023-03-01: Referred to the House Committee on Agriculture.
2023-04-04: Referred to the Subcommittee on Livestock, Dairy, and Poultry.
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