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Short-Term Funding Bill Extends Mandatory Price Reporting
USAgNet - 12/06/2021

Senate and House lawmakers Thursday approved another short-term funding bill that keeps government programs, including USDA’s twice-daily reporting of livestock data, going until Feb. 18, 2022. The Livestock Mandatory Reporting Act (LMRA) requires meatpackers to report purchases and sales of livestock and livestock products to USDA, which then publishes reports that include information on pricing, contracting for purchase and supply-and-demand conditions for livestock.

LMRA expired Sept. 30, 2020, but was extended several times, most recently to Dec. 3, under congressional continuing resolutions that provide temporary funding for federal programs. NPPC had been urging Congress to reauthorize LMRA or, at least, extend it, with board Vice President Scott Hays in October testifying about its importance to pork producers.

Last week, more than 100 producers from around the country, participating in NPPC’s virtual Capitol Hill fly-in, lobbied lawmakers on LMRA, as well as on other pork industry issues.

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