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Posts tagged: Industry Insight

Working with Livestock Industry to Provide Critical Market Intelligence

Cattle

Through LMR, more than a million livestock producers, hundreds of meat processors, some 37,000 retail food outlets, more than 1 million restaurants, as well as meat exporters, and many other stakeholders received critical data and market intelligence on a daily basis.

The Livestock Mandatory Price Reporting (LMR) Program was created to expand pricing information available to the livestock industry.  The data is collected and distributed by USDA’s Agricultural Marketing Service (AMS) through its USDA Market News division to provide market information for cattle, swine, lamb, and livestock products.

LMR encourages competition in the marketplace by vastly improving price and supply data, bringing transparency, breadth and depth to market reporting.  Through LMR, livestock producers and processors, retail food outlets, restaurants, exporters, and many other stakeholders receive critical market intelligence on a daily basis.  Literally thousands of business transactions every day rest on the outcome of LMR data. Read more »

USDA Fosters Market Transparency in Grass Fed Lamb and Goat Industry

Sheep eating grass

USDA will release the National Monthly Grass Fed Lamb and Goat Meat report. This is the one of the first reports of its kind, filling a significant data gap for the industry and increasing transparency in the marketplace.

According to the 2012 Census of Agriculture, there are over five million head of sheep and lambs in the United States, and over 2.6 million head of goats. A growing trend is producing these animals using grass fed production systems, especially for small to mid-sized producers.  

In response to the changing and widening marketplace, USDA’s Agricultural Marketing Service will begin releasing the National Monthly Grass Fed Lamb and Goat Meat report through their USDA Market News service today, Wednesday, May 13, 2015.  This is one of the first reports of its kind, filling a significant data gap for the industry and increasing transparency in the marketplace. Read more »

Expanding Trade Opportunities by Translating Documents into Spanish

Meat at a grocery store in Fairfax, Virginia. USDA Photo by Lance Cheung.

Meat at a grocery store in Fairfax, Virginia. USDA Photo by Lance Cheung.

When trading commodities on the market, it is critical that buyers and sellers across the supply chain speak the same trade language.  For meat products, large volume buyers – ranging from the federal government to schools, restaurants and hotels – reference the U.S. Institutional Meat Purchase Specifications (IMPS) when making their purchases.

For the first time, the IMPS and poultry and turkey trade descriptions, which are maintained by USDA’s Agricultural Marketing Service (AMS), have been translated into Spanish.  These documents are part of a continued effort to expand the use of meat specifications used in the United States, Canada and Mexico for trade.  You can also find French translations of these documents through the Canadian Food Inspection Agency. Read more »

Livestock Mandatory Reporting – Bringing Transparency to the Marketplace

Livestock grazing.

The purpose of the program is to provide marketing information for cattle, swine, lamb, and livestock products that can be readily understood and utilized by producers. USDA Photo Courtesy of the National Organic Program.

The Livestock Mandatory Price Reporting (LMR) Program was established to expand pricing information available in the livestock industry. Part of USDA Market News data, the information is distributed by the Agricultural Marketing Service (AMS) and allows analysts to dive in head first and fulfill all of their number crunching ambitions.

The purpose of the program is to provide marketing information for cattle, swine, lamb, and livestock products that can be readily understood and utilized by producers. Livestock Mandatory Reporting encourages competition in the marketplace by vastly improving price and supply data, bringing transparency, breadth and depth to market reporting. The program gets its authority through the Livestock Mandatory Reporting Act of 1999, which must be reauthorized by Congress every five years. The program is up for reauthorization in September 2015. Read more »

Expanding Opportunities for Small-Scale Beef Producers

Using the USDA Certified Grass-Fed claim as its initial focus, a new USDA program will reduce costs for small producers wanting to market their cattle as USDA certified grass-fed.

Using the USDA Certified Grass-Fed claim as its initial focus, a new USDA program will reduce costs for small producers wanting to market their cattle as USDA certified grass-fed.

Sometimes big things come in small packages.  At USDA, we provide programs and services to producers of all sizes – and now we’re offering even more to small-scale and local beef producers.  Many small-scale producers are contributing to the growth of the grass-fed beef industry.  And, thanks to a new program tailored to meet their needs, they now have another resource in their marketing toolbox.

The USDA Grass Fed Program for Small and Very Small Producers, administered by USDA’s Agricultural Marketing Service (AMS), is designed as a verification tool for small and very small producers to certify that animals meet the requirements of the grass-fed marketing claim standard and will make them eligible to have their products marketed as “USDA Certified Grass Fed Beef”.

With today’s label-conscious, savvy consumers, producers are relying on verified and certified labels to help distinguish their products in the marketplace.  This new initiative joins our suite of consumer-trusted verification programs for meat, poultry, and eggs. Read more »

USDA Market News Mow-tivated to Add Grass Fed Reports

USDA is committed to supporting businesses of all sizes. Fostering marketplace transparency is just one of the many ways we meet this goal.

USDA is committed to supporting businesses of all sizes. Fostering marketplace transparency is just one of the many ways we meet this goal.

U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service released its second USDA Market News report covering grass fed beef yesterday.  This is the first report of its kind, filling a significant data gap for the industry and increasing transparency in the marketplace.

For almost a century, USDA Market News has provided farmers, ranchers and businesses with market and pricing information.  Over the years, our reports have evolved to better meet the changing demands and needs of stakeholders who rely on our data to remain competitive. Read more »