Anyone who follows the sheep, lamb and wool markets most likely is familiar with Mandatory Price Reporting (MPR). MPR involves the mandatory publishing, by the U.S. Department of Agriculture, of data on livestock and meat-price trends, contracting arrangements and supply and demand conditions in a manner that protects the identify of reporting entities and preserves the confidentiality of proprietary transactions.
While lamb was included by rulemaking, rather than specifically mandated in the legislation that set up the systems for beef and pork, ASI worked with USDA to help secure full implementation. A key piece yet to be included for lamb is the reporting of imported lamb cut prices in the United States – a move that would place some of the burden on importing companies instead of solely on domestic lamb firms.
Other MPR results that ASI helped bring about include the improvement of two reports and the addition of another. The U.S. Daily Lamb Report and the Western Daily Lamb Report were revised in January 2002, the same time at which the Lamb Carcass Cutout Value Report made its debut.
The revised reports are improving public access to mandatory information by permitting USDA’s Agricultural Marketing Service (AMS) to publish a greater volume of collected data on a more consistent basis in a manner that protects the confidentiality of reported transactions. The new report is providing the industry with a measurement and indicator of a lamb carcass value, which then can be related to live lamb prices.
Additionally, a retail lamb price series was implemented in early 2003. The lamb price reports may be viewed at: http://www.ams.usda.gov/lsg/mncs/LS_MPR.htm#Meat-LambReports
To access the Mandatory Price Reporting portion of the USDA Web site, click on the following hyperlink: http://www.ams.usda.gov/LSMNpubs/Tips.htm