Competition bill introduced in the House
Western Livestock Journal
A measure aimed at increasing competition in livestock markets was introduced last week in the U.S. House of Representatives. The proposal, named “Captive Supply Reform Act, H.R. 2213,” is intended to increase competition in the cattle market by requiring contracts and marketing agreements to establish a base price. It would also require packers to bid against one another in an “open public manner.”
The bill was introduced in the House by Rep. Leonard Boswell, D-IA, chairman of the House Agriculture Livestock Subcommittee, and co-sponsored by Reps. Stephanie Herseth Sandlin, D- SD, and Barbara Cubin, R-WY.
Cattle producer groups R-CALF United Stockgrowers of America and the Western Organization of Resource Councils (WORC) were quick to commend the House for taking up the measure last week.
The Beef Blog 