1. Short title This Act may be cited as the Strengthening Local Meat Economies Act of 2023 . 2. Procurement of meat and poultry Subtitle A of the Agricultural Marketing Act of 1946 ( 7 U.S.C. 1621 et seq. ) is amended by adding at the end the following: 210B. Procurement of meat and poultry (a) Definitions In this section: (1) Digital livestock exchange platform The term digital livestock exchange platform has the meaning given the term in section 210C(a). (2) Eligible processor The term eligible processor means a livestock or poultry processor that— (A) is engaged in the slaughter of livestock or poultry; (B) (i) employs fewer than 150 full-time employees; or (ii) processes less than 1,000,000 total pounds of meat food product and poultry product per month; (C) is not owned or in partnership with any entity that— (i) employs 150 or more full-time employees; or (ii) processes 1,000,000 total pounds or more of meat food product and poultry product per month; and (D) is not owned or in partnership with any foreign entity. (3) Livestock The term livestock means cattle, sheep, swine, and goats, whether alive or dead. (4) Meat food products The term meat food products has the meaning given the term in section 2(a) of the Packers and Stockyards Act, 1921 ( 7 U.S.C. 182 ). (5) Poultry The term poultry has the meaning given the term in section 4 of the Poultry Products Inspection Act ( 21 U.S.C. 453 ). (6) Poultry product The term poultry product has the meaning given the term in section 4 of the Poultry Products Inspection Act ( 21 U.S.C. 453 ). (7) Secretary The term Secretary means the Secretary of Agriculture. (b) Procurement requirements In procuring meat food products and poultry products for the Department of Agriculture, the Secretary— (1) shall increase procurement of meat food products and poultry products from eligible processors— (A) in the first fiscal year that begins on or after the date that is 1 year after the date of enactment of this section, by an amount that is the greater of— (i) $50,000,000