Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
    
   
   
   
   

Agricultural News


USCA, NFU, and Others Request Hearing on Livestock Reporting Rule

Wed, 01 Jul 2020 15:55:44 CDT

USCA, NFU, and Others Request Hearing on Livestock Reporting Rule On Wednesday, the United States Cattlemen's Association (USCA), National Farmers Union (NFU), and eleven other organizations sent a letter to the Senate Agriculture Committee requesting a hearing on livestock mandatory price reporting reauthorization.

The Livestock Mandatory Reporting rule, established in 1999, mandates price reporting for cattle, boxed beef swine, and lamb. It is reauthorized every five years, with the current program expiring on September 30, 2020. This year represents an opportunity to make meaningful change to the program to increase transparency and true price discovery.

According to a 2019 Congressional Research Service report, "A common concern among stakeholders is the low volume of negotiated purchases and a parallel trend toward increased formula purchases or other marketing arrangements.

"Other concerns are about confidentiality and a lack of clarity on how transactions are categorized in reports, with some stakeholders advocating for the inclusion of more details about transactions, such as premium levels—especially as the market changes—and reporting on the number of livestock committed to packers."

USCA and others strongly urge the Senate Agriculture Committee to examine all available solutions to the current market factors depressing livestock prices and the increasing consolidation facing the U.S. cattle industry. As stated in our letter, we are running out of time to work towards a tenable reauthorization of the program. The U.S. livestock industry requires bold leadership to realign the marketplace with its fundamentals, and that starts with modernizing the Livestock Mandatory Reporting program.

Organizations signing-on to the letter include: Independent Beef Association of North Dakota, Independent Cattlemen’s Association of Nebraska, Independent Cattlemen’s Association of Texas, Kansas Cattlemen’s Association, Marias River Livestock Association, Montana Cattlemen’s Association, Montana Farmers Union, National Farmers Union, North Dakota Farmers Union, Rocky Mountain Farmers Union, South Dakota Farmers Union, and Women Involved in Farm Economics.

You can read the letter here:


   


 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Friday, August 14, 2020 Market Wrap-Up with Justin Lewis  Fri, 14 Aug 2020 15:52:08 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, August 14  Fri, 14 Aug 2020 15:30:08 CDT
  • Rural Vet Practice and Beef Sustainability Webinar Series Begins  Fri, 14 Aug 2020 15:23:51 CDT
  • North American Meat Institute Announces Alliance Agreement with OSHA  Fri, 14 Aug 2020 13:55:38 CDT
  • Record U.S. Sorghum Sales to China Reported   Fri, 14 Aug 2020 13:49:51 CDT
  • Peterson, Group of Bipartisan Members of Congress Urge Enforcement of Dairy Provisions in the United States-Mexico-Canada Agreement  Fri, 14 Aug 2020 11:57:42 CDT
  • Enforcement of USMCA Dairy Provisions Key, Bipartisan Letter Urges Action  Fri, 14 Aug 2020 11:46:09 CDT
  • NCBA's Kent Bacus Explains Why We Need To Import Small Amounts Of Beef  Fri, 14 Aug 2020 11:44:06 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.