12 hours ago in Agriculture Photo: WNAX
Iowa cattle producers met with Senator Chuck Grassley this week to look for a solution to the broken cattle market. Iowa Cattlemen’s Association President-elect Bob Nobel says the Senator is reintroducing his 50-14 legislation to increase the amount of negotiated cash cattle packers need to buy on a weekly basis. It is legislation ICA is supporting but may need to be merged with a similar bill offered by Nebraska Senator Deb Fischer.
He says Fischer’s bill also includes a formula contract library to increase market transparency which they endorse. So, Nobel says Grassley is going to be working on a compromise and to get a hearing.