Livestock Mandatory Price Reporting Rules Issued

Livestock Mandatory Price Reporting Rules Issued
The Agriculture Department’s Agricultural Marketing Service has issued notices for two rules revising program features for the Livestock Mandatory Reporting program.
AMS issued a Direct Final Rule that redefines the terms of packer and importer for lamb reporting requirements. In addition, a proposed rule for the program has been issued to amend swine and lamb reporting requirements. This proposed rule adds a negotiated formula category to the purchase types of hogs; requires late-afternoon hog purchases to be reported in next-day morning reports; amends the definitions of “packer-owned lambs” and “lambs committed,” and requires packers to report price, volume and classifications for lamb pelts.
AFBF is reviewing both rules for opportunities to influence final program language.

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