The National Pork Producers Council has issued supportive comments on proposed reporting regulations for swine in the law requiring meat packers to report the prices paid for animals.
The Livestock Mandatory Reporting Act, first approved in 1999, is a program administered by USDA to provide information on pricing, contracting for purchase and supply and demand conditions for livestock, livestock production and livestock products to producers, packers and other market participants.
“The mandatory price reporting law is an important tool that helps producers make business and production decisions,” said NPPC president Jill Appell, a pork producer from Altona, Ill.
The reauthorized price reporting law includes three enhancements to the pork reporting provisions:
More sows are included in pricing reports to more accurately reflect the sales and prices paid in the sow market.
Changes to the timing for data reporting were made to help USDA with its workload and, thus, to increase report accuracy and efficiency.
USDA may publish price distributions for net prices to provide more information that is more reflective of market situations.
To read NPPC’s comment, visit its Web site at www.nppc.org.