MSGA is asking for member input on the issue of Mandatory Negotiated Cash Trade.
The executive team and board of directors have been thoroughly researching this issue and have been involved in industry calls, webinars, and information sessions so we can best address the topic.
Currently, MSGA does have policy on mandatory price reporting transparency (M 042), which states that Mandatory Price Reporting is meant to provide transparency in Live Cattle markets. But, the current policy does not define a specific percentage requirement for packers to buy in the cash market. For this reason, we’re bringing it to you – the members – to develop potential policy. This will be a main topic of discussion for membership at the upcoming MidYear Meeting in August as well as Annual Convention in November.
As a membership organization, your input sets the association policy. Please consider sharing your comments and attending our annual policy meetings so your voice can be heard!
If you would like to submit your comments to MSGA, please email Keni Reese at [email protected] with the subject line “Mandatory Negotiated Cash Trade – Member Comment“.
The bill would amend the Agricultural Marketing Act of 1946 and require large-scale meat packers to increase the proportion of negotiable transactions that are cash, or ‘spot,’ to 50 percent of their total cattle purchases.
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