Fischer Introduces Livestock Market Transparency Act 2021 | Grand Island Native Information

Nebraska additionally ranked first in industrial cattle slaughter in 2020, with 6,982,000 head; second in 2020 for beef and veal exports, $ 1,296,170,000; second for all cattle and calves on January 1, 6,850,000 head; second of all cattle ate up January 1, 2,720,000 head; and second in 2020 industrial manufacturing of crimson meat, 7,910,900,000 kilos.

William Rhea III, president of the Nebraska ranchers, mentioned the transparency of the cattle market and the invention of market costs for fed cattle made headlines for members of the Nebraska ranchers for almost all of the final decade.

Components of Fischer’s Invoice, such because the Livestock Contract Library and the clarification of USDA-LMR confidentiality pointers to keep away from non-reporting of knowledge collected by USDA-LMR, will assist improve the transparency of the livestock marketplace for all producers, Rhea mentioned.

“As well as, directing USDA-AMS to ascertain regionally negotiated liquidity, in addition to negotiated minimal community advertising and marketing quantity thresholds will enhance value discovery for the betterment of all livestock producers,” did he declare.

Lee Reichmuth, a member of the US Cattlemen’s Affiliation Area VII (Nebraska and Iowa) board of administrators, mentioned he helps Fischer’s laws.

“As a Nebraska cattle producer, I echo the identical sentiments expressed by Senator Fischer in regards to the impacts on our livelihoods,” Reichmuth mentioned.

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