Agency: USDA Agricultural Marketing Service
Action: Comments requested by: December 10, 2024
Why it matters: USDA’s Agriculture Marketing Service (AMS) is seeking comments on an advance notice of proposed rulemaking to amend the regulations under the Packers and Stockyards Act (P&S Act). AMS seeks stakeholder comments on options about base prices in formula pricing agreements to encourage fare and competitive trading environments in fed cattle markets. For more than 20 years, producers have complained about issues such as unfair prices they are paid for fed cattle, difficulty negotiating with packers, and predatory pricing strategies that favored only some players.