Livestock price reporting reauthorisation
The US Senate has approved a reauthorisation
of mandatory livestock price reporting for five
For pork producers the reauthorisation means much, National Pork Producers
) President Joy
Philippi said. NPPC members themselves were closely involved in securing the
passage. "The mandatory price reporting law is an important tool that helps
producers make business and production decisions."
Philippi said the return of mandatory price reporting will improve the
ability of pork producers to market hogs.
Identical to 2005 bill
The Senate bill is identical to a bill passed by the House of
Representatives in the end of 2005, just before the law expired. Senators
approved the new five-year reauthorisation of the Livestock Mandatory Reporting
Act of 1999, with some changes requested by the livestock groups, by unanimous
â€¢ Adding more sows to the pricing reports to better reflect the sales and
â€¢ Changing the timing for data reporting to help USDA
with its workload and increase
â€¢ Allowing USDA to publish price distributions for net prices to provide
more useful information than is currently provided by the price ranges specified
in the law while maintaining the current confidentiality requirements.
The measure now heads to president Bush for his
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