The National Cattlemen's Beef Association (NCBA) expressed support for the Senate's passage by unanimous consent of a bill reauthorizing the Mandatory Price Reporting Act through September 10, 2010. The bill will now go to President Bush for his signature.
"We're pleased the Senate made a move last night to pass this legislation and make price reporting mandatory once again," said Mike John, president of the NCBA. "We will also continue to work with USDA to improve the mandatory price reporting process, so that it will better serve the needs of all cattle producers."
Mandatory Price Reporting began in April 2001 and expired September 30, 2005. MPR requires companies to report meat imports, exports, and daily price and volume information to the USDA.
"Since the mandatory law expired last fall, we have been working diligently to urge its renewal," said John. "Making price reporting practices mandatory by law assures cattle producers are getting the marketing information they need about their beef products."
The NCBA joins the National Pork Producer's Council in announcing gratification for the passage of the bill, which also included provisions supported by the American Sheep Industry Association and the American Farm Bureau Federation.
The American Meat Institute also expressed support. Mike Brown, Senior Vice president of Legislative Affairs, credited members of both parties for "consensus building efforts" and "exhaustive due diligence" in aiding the bill's passage.
The reports can be viewed online at www.ams.usda.gov/LSMNpubs/index.htm.