To amend the Packers and Stockyards Act, 1921, to prohibit livestock packers from owning or feeding livestock intended for slaughter for more than 14 days before such slaughter.

Amends the Packers and Stockyards Act, 1921 to prohibit livestock packers from owning, controlling, or feeding livestock to such an extent that the producer no longer materially participates in the management of the operation, with exceptions for: (1) animals held for not more than 14 days before slaughter; (2) certain cooperatives that own, control or feed livestock and provide such livestock for slaughter; or (3) certain small producer-owned or-controlled packers.