What Are the Market and Regulatory Conditions under which Livestock Mandatory Reporting would Benefit Livestock Producers?

Authors

Azzeddine Azzam, University of Nebraska-LincolnFollow
Konstantinos Giannakas, University of Nebraska-LincolnFollow
Kenneth Njoroge, Duke UniversityFollow
Amalia Yiannaka, University of Nebraska-LincolnFollow

Date of this Version

9-27-2006

Comments

Published in Cornhusker Economics, 09/27/2006. Produced by the Cooperative Extension, Institute of Agriculture and Natural Resources, Department of Agricultural Economics, University of Nebraska–Lincoln.
http://www.agecon.unl.edu/Cornhuskereconomics.html

Abstract

On Wednesday, September 20, 2006, Senator Chuck Hagel’s office announced the re-authorization of the Livestock Mandatory Reporting Act. Enacted in 2001, the Act provides market participants with information on all cash and non-cash transactions reported by packers to the Marketing Service on a daily basis. The information is aggregated under specific confidentiality guidelines to preserve anonymity of the source, and published in the Mandatory Livestock and Meat Market News Reports.