The National Pork Producers Council supports a one-year extension of the mandatory price reporting provision contained in the 1999 Livestock Mandatory Reporting Act, due to expire on Oct. 30, 2004.
“Pork producers need a transparent, accurate and timely market price reporting system in order to make knowledge-based business decisions,” says Jim Quackenbush, chairman of NPPC's Competitive Markets Mandatory Price Reporting Working Group and a Chokio, MN, pork producer.
The proposed extension would give industry stakeholders time to develop a set of plans for system improvement, says Quackenbush.