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Mandatory Price Reporting
On
September 30, 2006 the mandatory price reporting (MPR)
provision in the 1999 Livestock Mandatory Reporting Act were
reauthorized for a period of 5
years, and included three
consensus pork industry-specific recommendations to make the
system more transparent, timely, and effective.
The hog market has changed dramatically in recent years.
Less than two percent of all hogs are now sold at terminal
markets; furthermore, the numbers of hogs that are sold
under some sort of market contract continue to increase. MPR
was advocated because producers believed it would improve
market transparency and price discovery. NPPC’s Competitive
Markets Working Group -- Mandatory Price Reporting
Subcommittee has worked during the past year to consider
changes needed to make MPR more transparent, timely, and
effective.
Issue Paper
The National Pork Producers
Council Sept. 25 submitted comments on proposed reporting
regulations for swine in the law requiring meat packers to
report the prices they pay producers for animals.
Press
Release
Copy of the comments
submitted
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