WASHINGTON, October 11, 2024 — The U.S. Department of Agriculture (USDA) Agricultural Marketing Service (AMS) announced its next step to deliver on the Biden-Harris Administration’s historic commitment under the Executive Order on Promoting Competition in the American Economy in the form of a new rulemaking effort under the Packers & Stockyards Act of 1921 to enhance price discovery, transparency, and fairness in cattle markets. AMS has issued an Advance Notice of Proposed Rulemaking(ANPR) seeking public comment on several possible interventions to develop new benchmarks such as Alternative Marketing Arrangements (AMA) base prices and approaches to trading when using benchmarks.
The ANPR requests comment on a range of targeted options designed to ensure that base prices in fed cattle AMAs are broadly representative of general market conditions and are not vulnerable to distortion or strategic behavior that could cause prices to shift for reasons other than changes in supply and demand.
Interested persons are invited to submit comments concerning this notice by using the electronic process available at Regulations.gov. All comments should reference the document number and the date and page number of this issue of the Federal Register. All comments submitted in response to this notice will be posted without change, including any personal information provided, at Regulations.gov and will be included in the record and made available to the public.
Visit the Price Discovery and Competition in Markets for Fed Cattle webpage or view the ANPR fact sheet for more information
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