The newly passed COVID-19 relief package includes $1.4 billion in additional assistance for cattle producers who sold into a depressed market after April 15. The payment will be for cattle inventory from CFAP 1.0 and not require a new sign-up process. Unlike CFAP 2.0, the new funding will cover breeding stock. Estimated payment rates per head include: $63 for slaughter/fed cattle, $14.75 for slaughter/mature cattle, $7 for feeder cattle less than 600 pounds, $25.50 for feeder cattle less than 600 pounds and $17.25 per head for all other cattle. The package also includes aid for small meat processors. Specifically, the funding provides grants for facility upgrades and inspection certifications. This would allow meat to be processed for interstate commerce. Finally, the re-authorization for Livestock Mandatory Reporting was extended until September 30, 2021, along with the passing of Dealer Statutory Trust to ensure payment protection for livestock sellers.
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