The US Department of Agriculture (USDA) issues detailed reports on a variety of markets associated with livestock, poultry and grain. The news, statistics and insight provided through these reports can help you make wiser decisions about what to invest in, how to go about running your business, when to avoid spending too much and what estimated prices you can expect in the near future regarding farm animals such as sheep, goats, swine and of course, cattle, and additional products derived from them such as wool and beef.
The USDA livestock report breaks down the data on cattle into various secondary reports such as the direct feeder cattle reports and the regional direct slaughter cattle reports. Even individually, these reports offer a significant amount of data, dividing it up by state and date and providing business owners interested in livestock with a plethora of helpful information.
The best part is that the reports include not only breakdowns of current data, but visual aids and comparisons depicting old data of more than a year ago. As a result, studying the USDA livestock report in detail can also allow you to observe certain trends, correlate them with recent market news you might have read about, and form a valid and informed opinion regarding the state of the market.
That will allow you to continue running your business successfully or even start a new business and ride out the correct trends and estimates in order to make a profit.
