At the request of the pork industry, the U.S. Department of Agriculture’s Agricultural Marketing Service (AMS) said it will improve its swine and pork reports under the Livestock Mandatory Reporting (LMR) program. Effective Aug. 7, 2017, AMS will expand swine premium price reporting and enhance the pork cutout. These changes, along with guidance previously announced, will provide the industry with more data to use in an evolving and competitive marketplace.
AMS also said it will expand the premium categories on the National Weekly Direct Swine Non-Carcass Merit Premium Report by adding a new “Other” category that will include all reported premiums that are not currently published on an individual basis due to confidentiality issues. A list of all of the premiums included in the Other category will be published on the report to provide transparency and clarity to the industry regarding the included items.
Initial items to be included in the Other category include: animal welfare, antibiotic free, diet/feed, genetics, meat quality, Process Verified Program, sow housing and weight.
Additionally, AMS will enhance the pork cutout by removing product from the belly primal in order to better reflect current industry practices and trends. By removing 14-16 lb. and 16-18 lb. skin-on bellies from the belly primal, the pork cutout will provide a more accurate and reflective belly primal value and overall pork cutout value.
In 2016, the average daily difference between the current belly primal value and the proposed belly primal value was 20 cents, with an average daily difference of 4 cents to the overall pork cutout value.
The data supporting these changes can be found in a recent presentation -- the "LMR Swine & Port Reporting Update" -- available on the AMS website.
The changes will affect the following reports:
AMS routinely collaborates with the industry to improve its LMR reporting services and is hosting stakeholder meetings to gather industry feedback to promote an orderly reauthorization of LMR in 2020. AMS held a meeting with pork industry stakeholders on March 21-22, 2017. Materials from that meeting are available on the LMR Stakeholder Meetings page of the AMS website.