US - Senate approves Mandatory Price Reporting Act

The Senate approved, on August 5, legislation to reauthorize for five years the law requiring meat packers to report to the U.S. Department of Agriculture the prices they pay producers for animals.

The Senate approved, on August 5, legislation to reauthorize for five years the law requiring meat packers to report to the U.S. Department of Agriculture the prices they pay producers for animals.

The Livestock Mandatory Reporting Act is set to expire Sept. 30. The reauthorizing bill, which would extend the law to Sept. 30, 2015, also adds to the reporting law provisions requiring weekly reporting of pork exports – by price and volume – and of wholesale pork cuts.

LMRA now needs approval from the U.S. House of Representatives.

http://thomas.loc.gov/cgi-bin/query/D?c111:4:./temp/~c111pWZsNv:

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US - Senate approves Mandatory Price Reporting Act

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