Number: RS21994
Title: Livestock Price Reporting: Background
Authors: Geoffrey S. Becker, Resources, Science, and Industry Division 
Abstract: Livestock Mandatory Price Reporting (LMPR) was first passed in 1999 to address some producers' concerns about low livestock prices, industry concentration, and the availability of accurate market information. LMPR expired on September 30, 2005, and then operated on a voluntary basis, as the 109th Congress considered whether to reauthorize LMPR, for how long, and what if any changes should be made. In September 2006, the Senate cleared a bill (H.R. 3408) passed by the House one year earlier to extend LMPR for five years and to amend hog reporting provisions. It was signed into law (P.L. 109-296) on October 5, 2006.
Pages: 5
Date: October 6, 2006