Livestock producer assistance currently available under the Coronavirus Aid, Relief and Economic Security (CARES) Act is focused on those who suffered a 5% or greater price decline through the sale of livestock between Jan. 15 and April 15.
Additional payments will be made utilizing Commodity Credit Corporation (CCC) funds for significant costs incurred in marketing due to the unexpected surplus and disrupted markets. The CCC payments will be based on the highest inventory number of livestock between April 16 and May 14. There is an overall payment limit of $250,000 per person or legal entity. However, an entity with two or three shareholders contributing substantial labor or management may be eligible for up to $500,000 or $750,000, respectively.
The initial payment will be made at 80% of the eligible amount. Payment of the balance will be dependent on the availability of funds. Payments are also available for wool under a separate schedule.
It is important to note that the regulations released May 19 do not provide any assistance for losses due to price declines occurring after April 15. However, the USDA was granted the ability to access an additional $14 million after June 20.
Producers can apply for funding beginning on May 26 by contacting their local USDA Farm Service Agency (FSA) office by phone.
A complete copy of the rule can be accessed here. 
—From a Wyoming Stock Growers Association news release
