NCBA Responds To Cattle Market Transparency Act
The National Cattlemen’s Beef Association (NCBA) released the following statement in response to the Cattle Market Transparency Act, introduced today by Sen. Deb Fischer (R-Neb.):“Price discovery is an issue of critical importance to cow/calf producers, stockers, backgrounders, and feeders across the United States, and more negotiated trade is needed throughout the cattle feeding regions to ensure sufficient price discovery. That is why all of NCBA’s 46 state affiliate organizations unanimously adopted a fed cattle price discovery policy at our 2020 Summer Business Meeting. This policy directs NCBA to pursue a voluntary approach to price discovery...
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