The new law directs USDA to improve its retail price reports. Volume and quality information will also be reported for packer-owned cattle. The law's intentions are clear provide more accurate and timely market information within the industry. Summary More than a year after Congress passed and the president signed mandatory price reporting legislation, the U.S. Department of Agriculture is slated to implement the regulation Feb.1. The measure was one of NCBA s most successful policy victories.
Packers also report beef exports and imports.
The new law directs USDA to improve its retail price reports. Volume and quality information will also be reported for packer-owned cattle. The law's intentions are clear provide more accurate and timely market information within the industry. Background Four major packers slaughter 80 percent of fed cattle and process about 85 percent of all boxed beef. Given this high concentration, it s crucial to maintain a level playing field within the industry.