Livestock groups agree to work on price reporting, USDA investigation, more
Level of captive supply, and Packer capacity. The group also agreed to take to their respective organizations for consideration these action items: * Expedite the renewal of USDA’s Livestock Mandatory Reporting (LMR), including formula base prices subject to the same reporting requirements as negotiated cash and the creation of a contract library. * Demand the Department of Justice (DOJ) issue a public investigation status report and as warranted, conduct joint DOJ and USDA oversight of packer activity moving forward. * Encourage investment in, and development of, new independent, local, an...