The U.S. Department of Agriculture is considering changing a rule that fails to disclose market prices paid by meat packers, said U.S. Sen. Mike Enzi, R-Wyo.
The Mandatory Price Reporting Act was intended to give livestock producers access to the information. Instead, a provision that protects the confidentiality of meat packers prevents information from being shared, Enzi said.
No information has to be reported on days that fewer than three meat packers buy and on days when a meat packer buys more than 60 percent of the livestock sold, he said.
Four firms process 80 percent of all cattle, four firms process 54 percent of hogs and four firms control 70 percent of sheep processing, Enzi said.
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