USDA launched its pilot Cattle Contract Library webpage as directed by the 2022 Consolidated Appropriations act. It will allow users to search terms and information contained in active contracts used for the purchase of fed cattle. The library will also provide information on commonly used cattle contract terms.
Agency officials hope the new tool will empower cattle producers to negotiate better terms, more carefully monitor risks relating to marketing preferences and pricing practices and capitalize on market opportunities to produce cattle.
“USDA is committed to creating a more level…
