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Proposed rule would require wholesale pork sale reporting
Story Date: 3/26/2012
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Source: Dani Friedland, MEATINGPLACE, 3/23/12
The U.S. Department of Agriculture is seeking comments on a proposed rule that would amend Agricultural Marketing Act of 1946 to require swine packers to report wholesale pork sales.
The proposed 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 proposed rule requires packers to submit the price of each sale, quantity, and other characteristics (such as type of sale, item description, and destination) that AMS will use to produce market reports that will be disseminated to the public.
“Implementing a mandatory wholesale pork reporting program will provide market participants with considerably more market information than they have had in the past,” said Craig Morris, the deputy administrator of the AMS Livestock and Seed Program. “Further, a mandatory wholesale pork reporting program will ensure that accurate, unbiased market information is available to all market participants, ultimately benefitting consumers through improved price discovery in the sector.”
Currently, AMS collects and disseminates information on daily sales and price information from pork processors on a voluntary basis. The Mandatory Price Reporting Act of 2010 added wholesale pork cuts to the list of commodities larger packers must report through the livestock mandatory reporting program. Cattle, swine, sheep, boxed beef, boxed lamb and imported lamb meat already are covered under the program.
Notice of the proposed rule will be published in the Federal Register today. Comments must be received by May 22, 2012. Comments should be submitted electronically at http://www.regulations.gov/ or by mail to Michael Lynch, Director; USDA, AMS, LS, LGMN Division; 1400 Independence Ave., SW, Room 2619-S; Washington, D.C. 20250; telephone number (202) 720-6231; or fax (202) 690-3732. Comments should reference docket number AMS-LS-11-0049 and note the date and page number of the issue of the Federal Register. Submitted comments will be available for public inspection at www.regulations.gov, or during regular business hours at the above address.
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