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A proposed federal bill would give cattle ranchers and feedlots in Wyoming more negotiating power at the market.The Cattle Price Discovery and Transparency Act of 2022 would require a minimum of cattle to be sold through negotiated cash deals. Right now, it is mostly formula based, which is a set price and that does not necessarily reflect the current economy.
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After last year’s crushing drought, wetter weather is helping crops recover, and prices are dropping. US corn yields are up, according to IHS, Inc., a…