Cattle Price Discovery and Transparency Act of 2023

The Cattle Price Discovery and Transparency Act of 2023 requires large cattle packers to report detailed information about their cattle purchases and contracts to improve market transparency. The bill establishes mandatory minimums requiring packers to purchase a certain percentage of cattle through transparent pricing mechanisms like negotiated deals, rather than private contracts. Packers must also report daily slaughter schedules and carcass weights more frequently, and create a public library of all cattle purchase contracts. These requirements directly affect major cattle packers and aim to give cattle producers more information about market prices.