Glickman Announces Mandatory Livestock Price Reporting
WASHINGTON, D.C.-In a
move to help level the playing
field for small livestock produc
ers, Agriculture Secretary Dan
Glickman today announced that
major livestock packers, live
stock product processors and
importers soon will be required
to report pricing details to the
U.S. Department of Agriculture.
“We need to ensure that small
farmers and ranchers have a full
and fair opportunity to compete
in an increasingly concentrated
agricultural economy,” Glick
man said. “This new mandatory
price reporting program will
help producers by making the
market more transparent, giving
them better information about
what’s happening in the market
place.”
USDA’s proposed rule spells
out who is required to report,
what information must be re
ported, and specific reporting
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times. Those affected are live
stock packers and product pro
cessors and importers who
slaughter an average of 125,000
cattle, 100,000 swine, 75,000
lambs per year. Importers who
annually import an average of
5,000 metric tons of lamb meat
are also required to report.
At stipulated times of the day,
affected packers, processors,
and importers must report to
USD A the details of all transac
tions involving purchases of:
livestock, domestic and im
ported lamb carcasses, and im
ported lamb cuts.
They also must report the de
tails of all transactions involv
ing; domestic and export sales of
boxed beef cuts, including
branded product, sales of do
mestic and imported boxed lamb
cuts, including branded product,
and purchases of imported
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branded product.
In many instances, manda
tory reporting will provide
USDA with new information
that has never been collected
under the existing voluntary
market news reporting program.
Consequently, USDA is seeking
input from the livestock and
meat industry on how this new
information would best be re
ported back to the industry, in
order to assist small and
medium sized livestock opera
tors in making sound market
based decisions.
“I want to thank Senators
Lugar, Daschle, Harkin, and
Johnson for their leadership on
this important issue,” said
Glickman.
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The proposed rule, which will P“bUc comment for 30 days. Ad
be published in the Federal Reg- ditional information is available
ister March 17, will be open to on the web at http://www.ams.-
usda.gov/lsg/price.htm.
(Continued from Pago A 10)
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Fundamentals of Marketing,
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