The U.S. Department of Agriculture (USDA) will continue the Cattle Contracts Library Pilot Program in its present form in order to continue reporting vital market information for farmers and ranchers while gathering additional information on the effectiveness of the pilot.
The current pilot supports market transparency by providing the cattle and beef sectors information about contract terms offered by packers to producers for the purchase of cattle. AMS established the pilot and outlined the requirements for covered packers in a final rule published Dec. 7, 2022, and the library was made available to the public on Jan. 31, 2023.
Source: usda.gov
Photo Credit: gettyimages-erdinhasdemir
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