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Posts tagged: Industry Insight

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 »

Industry Associations Use USDA Market News to Create Apps

Screenshot of the ASI Market News mobile app.

Screenshot of the ASI Market News mobile app.

For nearly 100 years, USDA Market News has been collecting market information on behalf of those working in American agriculture to provide current, unbiased price and sales information.

Covering both domestic and international markets, the data is disseminated within hours of collection to help market and distribute farm commodities.  It is all provided publicly and free of charge via the Internet and other electronic means, in printed reports, by telephone recordings, and through the news media.  The agricultural industry relies on the thousands of market reports across hundreds of commodities, often using the data to create reports of their own. Read more »

Helping Produce Businesses in Many Ways

PACA is your partner in the produce industry.  Through its education, mediation licensing, and enforcement services, PACA provides financial protection for produce businesses.

PACA is your partner in the produce industry. Through its education, mediation licensing, and enforcement services, PACA provides financial protection for produce businesses.

Accurate and timely information, access to new markets, and financial protection are critical to the success of any business. In the produce industry, the USDA’s Agricultural Marketing Service (AMS) provides services to cover all three of these items.

By providing current price and volume information, AMS Market News helps produce businesses, transportation companies, and others make informed decisions. In response to user requests, we created the Custom Average Tool (CAT). This new tool makes it easy to view average price trends over a period of time, select a range of data desired, download data in a spreadsheet, and much more. Choosing which varieties or products to carry and what the price levels might be at a given time of year are easier for  a wholesaler to determine when they can easily visualize average price trends compared to movement in a dashboard. The CAT is now prominently displayed on our Fruit and Vegetable Market News Portal. Read more »

New Reports Provide Greater Market Transparency

Earlier this year, USDA’s Agricultural Marketing Service (AMS) published the first Livestock Mandatory Reporting (LMR) Wholesale Pork reports.  This was the culmination of a process that started when Congress passed the Mandatory Price Reporting Act of 2010, which added wholesale pork cuts to the commodities required to be reported by packers.  Cattle, swine, sheep, boxed beef, boxed lamb, and imported lamb meat already were covered under the program.

Using negotiated rulemaking – a process that allows more interaction with stakeholders than formal rulemaking – AMS developed the rule with the Wholesale Pork Reporting Negotiated Rulemaking Committee, which included pork producers, pork packers, processors, retailers, buyers, and other interested stakeholders.  By working directly with a range of stakeholders, USDA ensured that the final rule had support throughout the industry. Read more »