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KBHB Radio - Cattle Market Transparency Act reintroduced to mixed support from producer groups

KBHB Radio - Cattle Market Transparency Act reintroduced to mixed support from producer groups
kbhbradio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kbhbradio.com Daily Mail and Mail on Sunday newspapers.

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Congress again looks to improve cattle market woes

After the Holcomb fire and fallout from the COVID pandemic, cattle producers went looking for answers on improving market transparency. In an ongoing effort to provide a legislative response, Sen. Deb Fischer, R-Neb., joined with Sen. Ron Wyden, D-Ore., to offer the Cattle Market Transparency Act of 2021 to ensure robust regionally negotiated cash trade and provide producers with more pricing information.
The bill builds off the recommendations provided by USDA in its Boxed Beef and Fed Cattle Price Spread Investigation Report and discussions producers across the U.S. are having in response to historically low cattle prices and a dysfunctional marketplace. In response to the introduction, the bill was welcomed by industry players including the U.S. Cattlemen’s Association and the American Farm Bureau Federation, but each group left the door open for the need for additional discussion on the hotly debated topic that has varied by region and producer type. ....

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Congress again looks to improve cattle market woes

Congress again looks to improve cattle market woes
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2021 Farm Economy Optimistic

2021 Farm Economy Optimistic

WASHINGTON, D.C. – The new year is bringing some optimism for the farm economy, thanks to multiple factors. American Farm Bureau Federation (AFBF) Chief Economist John Newton said one of those factors is trade with China, which could reach near record levels.
“Recently released data from the U.S. Census Bureau show that preliminary exports to China during November [are] nearly $5 billion,” Newton said. “So, when you add that to the existing total, we’ve now sold about $22.5 billion to China. That’s significant progress, and a step in the right direction. We’re unlikely to hit the Phase One targets, but we could be close to record exports to China this year.” ....

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