The National Pork Producers Council (NPPC) applauded the House Agriculture Committee for approving legislation to reauthorise the law requiring meat packers to report to the U.S. Department of Agriculture the prices they pay producers for animals.
The committee passed H.R. 5852, sponsored by panel Chairman Collin Peterson, D-Minn., to reauthorise for five years the Livestock Mandatory Reporting Act, which is set to expire Sept. 30. The committee bill also adds to the reporting law provisions requiring reporting of pork exports – by price and volume – and of wholesale pork cuts.
The Livestock Mandatory Reporting Act was what provided transparency and certainty in the livestock markets and allowed competition to thrive, NPPC President Sam Carney said. That proposal to amend the Packers and Stockyards Act has been roundly criticised, and USDA was excoriated by lawmakers for writing a rule – with no input from the affected industries – that goes beyond what Congress mandated in the 2008 Farm Bill.
The last time the price reporting law was reauthorised – in September 2006 – three enhancements to the pork reporting provisions were added. They added more sows to the pricing reports to more accurately reflect the sales and prices paid in the sow market and changed the timing for data reporting to help USDA with its workload and increase report accuracy. Furthermore they allowed USDA to publish price distributions for net prices to provide more useful information.
Source: National Pork Producers Council