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Posts tagged: Wholesale Reporting

New Reports Provide Greater Market Transparency

Earlier this year, USDA’s Agricultural Marketing Service (AMS) published the first Livestock Mandatory Reporting (LMR) Wholesale Pork reports.  This was the culmination of a process that started when Congress passed the Mandatory Price Reporting Act of 2010, which added wholesale pork cuts to the commodities required to be reported by packers.  Cattle, swine, sheep, boxed beef, boxed lamb, and imported lamb meat already were covered under the program.

Using negotiated rulemaking – a process that allows more interaction with stakeholders than formal rulemaking – AMS developed the rule with the Wholesale Pork Reporting Negotiated Rulemaking Committee, which included pork producers, pork packers, processors, retailers, buyers, and other interested stakeholders.  By working directly with a range of stakeholders, USDA ensured that the final rule had support throughout the industry. Read more »