USDA is likely to unveil recommendations to improve mandatory price reporting this week, according to Reutters news service.

USDA chief economist Keith Collins chaired a six-person task force authorized by USDA secretary Ann Veneman to review the mandatory livestock price reporting system. Collins said the report would be coming “very soon” and probably this week.

The price reporting system was passed by Congress in 1999, after producers complained they were at the mercy of huge meatpackers who set prices without making the rates public. Since beginning implementation in April , the program has gone through a string of problems, prompting the investigation.

Reutters news service