USDA moves forward with Cattle Contract Library

Today, the U.S. Department of Agriculture (USDA) published for public inspection a final rule in the Federal Register to secure the contract information needed to populate a Cattle Contracts Library. The official publication of the final rule is scheduled for Wednesday, Dec. 7, 2022, with full implementation of the rule planned for Jan. 6, 2023. The final rule will require packers that slaughtered an average of not less than five percent of the number of fed cattle slaughtered nationally during the immediately preceding five calendar years to submit contractual information for the…