Senate Approves Price Reporting Reauthorization

August 6, 2010

Contact: Dave Warner 202-347-3600

Washington, August 6, 2010 – The Senate last night approved legislation to reauthorize the law requiring meat packers to report to the U.S. Department of Agriculture the prices they pay producers for animals. The National Pork  Producers Council strongly supports the law and its extension.

Senators passed by voice vote S. 3656, sponsored by Senate Agriculture Committee Chairwoman Blanche Lincoln, D-Ark., and Ranking Member Saxby Chambliss, R-Ga., to reauthorize for five years the Livestock Mandatory Reporting Act, which is set to expire Sept. 30. The reauthorizing bill, which would extend the law to Sept. 30, 2015, also adds to the reporting law provisions requiring weekly reporting of pork exports – by price and volume – and of wholesale pork cuts.

“NPPC is grateful that the Senate has approved extension of this important law on mandatory price reporting,” said NPPC President Sam Carney, a pork producer from Adair, Iowa. “We implore the House to act swiftly on its bill reauthorizing the price reporting law, which will help producers make business and production decisions.”

Companion House legislation, sponsored by Agriculture Committee Chairman Collin Peterson, D-Minn., was approved by that panel July 28. The full House is expected to take up the measure, H.R. 5852, after lawmakers return from a month-long recess.

“The reauthorized price reporting law will bring even more transparency and certainty to the livestock markets,” Carney said.“This is the way – Congress working with the industries rather than bureaucrats dictating to them through regulations – to bring about competition and fairness.”

# # #

NPPC is the global voice for the U.S. pork industry, protecting the livelihoods of America’s 67,000 pork producers, who abide by ethical principles in caring for their animals, in protecting the environment and public health and in providing safe, wholesome, nutritious pork products to consumers worldwide. For more information, visit www.nppc.org