Congress: Vote 'Yes' on S. 949, the 50/14 Spot Market Protection Bill
The new 50/14 bill (S.949) requires beef packers with more than 1 plant to purchase at least 50% of their cattle in the competitive cash market each week for each plant and requires those cattle to be harvested within 14 days of purchase.
Quicker than anything else we can do, this bill will help stop our industry’s downward trajectory by restoring our industry’s lost competitive markets for cattle.
ACTION STEP 1: Everyone must call the Capitol Switchboard at 202-224-3121, ask for your U.S. Senators and Representative by name and tell them to cosponsor Senate Bill 949 Senators Grassley and Tester’s 50/14 Spot Market Protection Bill. If your member of Congress says that they are already a cosponsor, thank them and reaffirm your support.
ACTION STEP 2: Ask your neighbors, your breed associations, AI associations, marketing associations, local feed store, equipment dealer, veterinarian, banker and others who depend on your business to get involved and make calls.
INFORMATIONAL DOCUMENTS TO SHARE WITH YOUR MEMBERS OF CONGRESS, YOUR STATE LEGISLATORS, AND YOUR FRIENDS AND NEIGHBORS:
Sens. Grassley (R-IA) and Tester’s (D-MT) S.949 bill (50/14) complies with our Constitution’s separation of powers – it is Congress that is supposed to make laws. The Fischer/Wyden S.543 bill and Sens. Grassley/Fischer’s compromise bill S.3229 delegates that authority to USDA, an agency that has resisted any meaningful market reforms for decades.
220112 Comparison of Senate Bills as they Relate to Thin Cash Market updated 1/11/2022
211011 Updated Spot Market Bill Fact Sheet updated 10/11/2021
211021 Response to Opponents of 50/14 Cattle Market Protection Bill updated 10/21/2021