The U.S. Department of Agriculture has announced the final rule that implements mandatory wholesale pork reporting, as required by the Mandatory Price Reporting Act of 2010 (Act).
USDA developed the rule through negotiated rulemaking by a committee that included members representing pork producers; pork packers, processors, retailers, and buyers; and other interested stakeholders. The final rule outlines what information packers will be required to submit to the USDA Agricultural Marketing Service (AMS), how the information should be submitted and other program requirements. The rule requires packers to submit the price of each sale, quantity, and other characteristics (e.g., type of sale, item description, destination) that AMS will use to produce market reports that will be disseminated to the public.
Friday August 17, 2012/ AMS-USDA/ United States.