Livestock Mandatory Price Reporting

摘要: On April 2, 2001, the U.S. Department of Agriculture (USDA) implemented Livestock Mandatory Price Reporting (LMPR) law. LMPR was passed as part USDA’s FY2000 appropriations law (P.L. 106-78), to address concerns some livestock producers about low prices, increasing industry concentration, and availability price information. Under previous, voluntary system, USDA reported data provided on a basis by meat packers processors prices they pay for animals. The new requires large report not only negotiated sales, but also forward contract formula arrangement transactions. Since implementation, has information further disclosure pricing, system experienced problems. May 14, announced an error in computer program, which incorrectly calculated published prices. then, corrections. August 3, confidentiality rule, go effect 20. (This will be updated needed.)