1. Livestock Mandatory Reporting (LMR) Pork Management Conference, New Orleans, LA June 18, 2015

2. History Scope of LMR reporting Swine definitions / purchase types Comments, questions

3. History Original LMR Act of 1999 included Beef, Cattle, Lamb, and Swine; to re-authorize every 5 years Became effective on January 30, 2001 Statutory authority lapsed in 2005 Re-auth. from 2006-2010 2013 LMR Pork Re-auth. by September 30, 2015

4. The primary function of the Livestock, Poultry, and Grain Market News Division (LPGMN) of the Livestock, Poultry, and Seed Program (LPS) is to compile and disseminate information that will aid producers, consumers, and distributors in the sale and purchase of livestock, meat, poultry, eggs, grains, and their related products regionally, nationally and internationally. Collect, analyze and disseminate timely, unbiased information

5. Who reports? FSIS packers (annual): 125,000 cattle; 75,000 lambs; 100,000 swine per plant, 200,000 combined sows/boars at multiple locations AMS looks at the FSIS actual slaughter data annually to determine who may be falling in or out of the reporting thresholds (avg. in a 5 year period)

6. Data AMS receives between 30,000-50,000 LMR records daily 2 offices, St. Joseph, MO & Des Moines, IA 14 market reporters, 3 supervisors 5 auditors, 1 Compliance Manager All LMR programming done by contractor (maintenance and annual enhancements)

7. Forms http://www.ams.usda.gov/AMSv1.0/LMRAdditionalInstructions

8. LMR Swine 23 Companies 45 Plants 19 States 20 daily reports released 102 reports released every week LMR: 379/week; 1642/month; 19755/year

10. Reports Regulations state we will currently release reports at specific time frames: Daily Purchase (4 reports/1 nat’l, 3 regions): I.8:00 am – prior day report, includes swine purchased from midnight to midnight the previous day (200, 204, 207, 208 butchers) (230, 231, 232, 233 sows/boars) II.11:00 am – AM purchase, includes purchases between midnight and 9:30 am of the current reporting day (202, 205, 209, 211) III.3:00 pm – PM purchase, incudes purchases between midnight and 1:30 pm of the current day (203, 206, 210, 212) 10:00 am – Slaughter report, includes data from swine slaughtered the previous day (201, 213, 215) Weekly 250 and 214 ***records imported one hour prior to report release time***

11. Purchase types/definitions

12. Current Purchase Types

14. Datamart http://mpr.datamart.ams.usda.gov/

15. Swine Dashboard http://mpr.datamart.ams.usda.gov/amsdashboard/swine/Swine_Dashboard_Option_1.html

16. Contact Information Taylor Cox, LMR Chief USDA - AMS - Livestock, Poultry & Grain Market News 515-284-4460 Visit us online at: https://www.marketnews.usda.gov/mnp/ls-home

20. Sales Types Negotiated: A sale that represents the “spot” market. Delivery parameters, boxes within 14 days of agreement, combos within 10 days of agreement. Forward Sale: Designed to capture transactions that occur outside the traditional negotiated window. The delivery is beyond the negotiated window. Price determined by buyer-seller agreement. Formula Marketing Arrangement: Establishes prices off of publicly available quoted prices (ex. Market reports).