Senate Ag panel passes livestock price reporting reauthorization | TSLN.com

Senate Ag panel passes livestock price reporting reauthorization

The Senate Agriculture Committee last week passed legislation reauthorizing the Livestock Mandatory Price Reporting Act, which requires packers to report to USDA the prices they pay for livestock. The House Agriculture Committee passed a companion bill on July 28.

The Price Reporting Act has been in effect for 10 years, and was scheduled to expire Sept. 30. The House and Senate bills propose reauthorizing it for five years, and to expand it to include pork cuts and dairy products. Now each bill will go to its respective full Congressional chamber for consideration.

The Senate Agriculture Committee last week passed legislation reauthorizing the Livestock Mandatory Price Reporting Act, which requires packers to report to USDA the prices they pay for livestock. The House Agriculture Committee passed a companion bill on July 28.

The Price Reporting Act has been in effect for 10 years, and was scheduled to expire Sept. 30. The House and Senate bills propose reauthorizing it for five years, and to expand it to include pork cuts and dairy products. Now each bill will go to its respective full Congressional chamber for consideration.

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