Senators Introduce Spot Market Bill, MFU Approves
March 31, 2021
On March 24th, U.S. Senators Jon Tester (D-MT) and Chuck Grassley (R-IA) introduced a bill to require each U.S. meat processing facility that slaughters over 125,000 head of cattle each year to purchase fifty percent of their weekly volume of beef slaughter on the open or ‘spot’ market.
Other co-sponsors of the bill include Senators Tina Smith (D-MN); Ron Wyden (D-OR); Cory Booker (D-NJ); John Hoeven (R-ND); Joni Ernst (R-IA); Mike Rounds (R-SD); and Steve Daines (R-MT).
United States Cattlemen’s Association (USCA) President Brooke Miller issued the following statement: