With the law requiring meat packers to report the prices they pay producers for animals due to expire, a coalition of livestock groups is calling on Congress to immediately approve a multi-year reauthorization of the act. U.S. Senate legislation extends the act only for one year and it contains no pork enhancements. The House passed five-year reauthorization legislation earlier this month.
Livestock producers, including the American Farm Bureau Federation, American Sheep Industry Association, National Cattlemen’s Beef Association, and National Pork Producers Council, said that allowing the law to expire would “leave producers in the lurch – without complete market information.” The Livestock Mandatory Reporting Act of 1999, the coalition pointed out, is
necessary for a transparent, accurate and timely national market reporting system that allows producers to make knowledgeable business decisions.
The five-year reauthorization legislation, approved by the U.S. House earlier this month was sponsored by Reps. Collin Peterson, D-Minn. and Bob Goodlatte, R-Va, contains three enhancements for the pork industry, including:
Adding more sows to the pricing reports to more accurately reflect the sales and prices paid in the sow market.
Changing the timing for data reporting to help USDA with its workload and, thus, increase report accuracy and efficiency.
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.
Livestock producers have agreed to a consensus position for a multi-year reauthorization and are urging Congress to act before the price reporting law expires.
National Pork Producers Council