New Packers and Stockyards Act Final Rule on Competition Released

The USDA has announced the finalization of Inclusive Competition and Market Integrity Under the Packers and Stockyards Act.

Agriculture Secretary Tom Vilsack says the final rule establishes clearer, more effective standards for prohibited practices relating to discrimination, retaliation, and deception in livestock and poultry contracting.

The rule is one of several USDA has been working to finalize since first pledging to update the enforcement of the PSA in 2021.

As for industry reaction, the National Farmers Union says the announcement is the culmination of years of work from NFU and supporters of equitable livestock markets while the Meat Institute argues the final rule does nothing to change competition.

Source: USDA