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Update on the library’s proposed cattle contract pilot program

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Update on the library’s proposed cattle contract pilot program

USDA’s Agricultural Marketing Service has proposed plans to change the way it populates data for the Cattle Contract Library (CCL) pilot program.

Ethan Lane of the National Cattlemen’s Beef Association says the move to a more mandatory structure came as a surprise. “They worked on a voluntary basis, asking manufacturers to participate,” he says. “What they found is that they feel they need more information to populate the library. We appreciate that they’re looking for ways to make this a viable product, but we’re concerned that they’re going too far down that road.”

He tells Brownfield that there is still a lot of work to do before the pilot program can get off the ground. “Now that they’ve announced the direction, we need to start working on what it might look like to secure this kind of data reporting on a regular basis,” he says. “About the number of trades, the types of trades that were exercised against those contracts on a weekly basis.”

The Cattle Contract Library is designed to be a tool for cattle producers to help them capture unrealized value for their animals. Lane says NCBA will continue to work with AMS to ensure the tool’s success while protecting members’ proprietary business information.



https://brownfieldagnews.com/news/update-on-proposed-cattle-contract-library-pilot-program/ Update on the library’s proposed cattle contract pilot program

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