Mandatory Wholesale Pork Reporting to Begin January 2013, says AMS
Mandatory wholesale pork reporting will begin Jan. 7, 2013, said the Agricultural Marketing Service. On that date, packers will be required to submit the price of each sale, quantity, and other characteristics (e.g., type of sale, item description, destination) that AMS will use to produce market reports that will be disseminated to the public. A final rule set for publication in the Aug. 22 Federal Register will implement the new requirements, pursuant to the Mandatory Price Reporting Act of 2010, which added wholesale pork cuts to the commodities required to be reported by larger packers through the livestock mandatory reporting program. Cattle, swine, sheep, boxed beef, boxed lamb, and imported lamb meat already are covered under the program, AMS said.
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As soon as practical after the final rule has been published, AMS will hold a training session to assist packers in meeting the requirements of the mandatory pork reporting program, it said.
(See ITT's Online Archives 12032904 for summary of AMS' March 23 proposed rule on mandatory wholesale pork reporting. In the proposed rule, AMS said it is implementing these requirements because wholesale pork price reporting is "thin, and results in frequent missing or unreportable price quotes for subprimals.")