NPPC Hails Senate Passage Of Price Reporting Law

Senators approved by unanimous consent a five-year reauthorization of the Livestock Mandatory Reporting Act of 1999. The House passed an identical bill last September. The law expired Sept. 30, 2005.

“Pork producers are extremely grateful to the Senate for taking action on this important legislation,” said NPPC President Joy Philippi, a pork producer from Bruning, Neb. “The mandatory price reporting law is an important tool that helps producers make business and production decisions.”

The legislation, which had bipartisan congressional support and backing from the animal agriculture industry, also includes three enhancements to the pork reporting provisions:

• 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.

More of the latest Pig Industry News

•   High Contract Prices Take the Shine Off Spot
•   Weekly Review: Hogs & Pigs Report Brings Surprises
•   Producers to Found National Union of Hog Breeders
•   Supply to Continue to Exceed Demand for Live Pigs
•   NFUS Wary of Creation of Independent Defra Body
•   RSPCA Speaks Out Against Live Export Trade
•   Welfare Laws Fail Pigs Miserably
•   Getting Gilt Integration Right
•   Carbon Market Opportunities for Agriculture
•   Expansion of Food Borne Illness Monitoring Urged