Friday, August 5, 2022

Using the USDA Livestock Report to Make Informed Business Choices

 

USDA Livestock report

Staying up to date with livestock news is important for everyone in the cattle industry who wants to remain competitive in the current marketplace.   Your best source of information is the USDA livestock report, which delivers, on a regular basis, critical information on price trends as well as demand and supply conditions, which will help you to make informed business choices.

Besides the report, the Agricultural Marketing Service also host webinars and other resources to help producers in the cattle industry to get the most benefits from the available information. You can download users guides on price report and boxed beef report and you can also get the information you need in a visual and interactive format. The Agricultural Analytics Division comes up with scientific, economic, statistical and analytic expertise to ensure the quality of the information provided by USDA.

All these resources are essentials in the understanding of the marketplace and all the roles that producers, processors, feeders and USDA itself play in the quality of the American beef on the market.

The Livestock mandatory reporting facilitates open and transparent price discovery and provides useful information for all large and small market participants (farmers and businesses alike), empowering them through services that create demand for livestock and add value.

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