The U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service (AMS) today announced a final rule amending several swine and lamb reporting provisions related to the reauthorization of the Livestock Mandatory Price Reporting program.
As authorized by the Agriculture Reauthorizations Act of 2015, the final rule includes two amendments related to swine reporting requirements and one amendment to lamb reporting requirements.
The first swine reporting amendment requires packers to report swine purchased on a negotiated formula basis as a separate purchase category. The other swine reporting amendment requires packers to report all barrow and gilt purchases made after 1:30 p.m. Central time in their morning submission on the next reporting day.
The lamb reporting amendment revises the definition of “packer owned lambs.” As a result of comments received, AMS did not incorporate reporting provisions regarding lambs committed for future delivery and pelts prices paid to producers as published in the proposed rule.