USDA Market News Revises Regional Swine Market Reports
The USDA’s Agricultural Marketing Service (AMS) will revise its Livestock Mandatory Reporting (LMR) direct swine reports to provide more continuous coverage of the regional negotiated swine markets.
Since the implementation of LMR in 2001, the volume of barrows and gilts purchased on a negotiated basis has declined from 17 percent of the market to about 1 percent today. The thinness of the negotiated market has made it increasingly difficult for AMS to publish regional market information while maintaining the confidentiality requirements set forth in the statute.As requested by the pork industry, AMS will publish only weighted average prices for carcass and live basis negotiated barrows and gilts and not show the daily volumes or price ranges on...
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