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 »
Eric Luebehusen, agricultural meteorologist for USDA’s Office of Chief Economist and World Agricultural Outlook Board details the creation of the United States Drought Monitor to a White House Water Summit attendee.
Communities across the United States are facing water challenges, impacting millions of lives and costing billions of dollars in damages. Recent events, including record-breaking drought in the West and severe flooding in the Southeast have elevated a national dialogue on the state of our Nation’s water resources and infrastructure.
These challenges are why on March 22, the White House hosted a Water Summit to correspond with the United Nations World Water Day. The meeting raised awareness of water issues and highlighted potential solutions to building a sustainable and secure water future. Following a slate of presentations outlining innovative solutions to water quality and quantity challenges, attendees were invited to review interactive demonstrations of projects including technologies that help communities and businesses manage the challenges of long term drought. Read more »
Federal Activities Report on the Bioeconomy page cover
Bioeconomy Webinar Information:
Thursday, May 5, 2 p.m.–4 p.m. Eastern Time
Session Link: https://thinktank.inl.gov/login.html?sessionID=59
Session Passkey: 123
Call in: +1 (562) 247-8422
Access Code: 287-084-886
The USDA and other federal agencies recently released the Federal Activities Report on the Bioeconomy (FARB) documenting federal agency activities aimed at helping to develop and support the “bioeconomy” – an emerging part of the overall U.S. economy. Emphasis is specifically placed on the production and use of biofuels, bioproducts, and biopower. USDA Chief Scientist and Under Secretary for Research, Education, and Economics (REE), Dr. Catherine Woteki, stresses these fuels, power, and products are produced using biomass–agricultural residues, grasses, energy crops, forestry trimmings, algae, and other sources–instead of fossil fuels.
The report also delves into the Billion Ton Bioeconomy Vision, an effort coordinated through the Biomass Research and Development (R&D) Board. Comprised of industry experts from the Departments of Energy (DOE), Agriculture (USDA), Interior (DOI), Transportation (DOT), Defense (DoD), and the Environmental Protection Agency (EPA), the National Science Foundation (NSF), and the Office of Science and Technology Policy (OSTP), the Board is committed to collaboration among federal agencies on bioeconomy conceptions working to triple the size of today’s bioeconomy by 2030—to more than a billion tons of biomass. Read more »
MARS allows for more data availability, better analysis, and improved information availability sooner for more agricultural markets in one easy-to-use tool.
Earlier this week, the USDA’s Agricultural Marketing Service (AMS) hosted a webinar on an exciting new initiative to provide unbiased market data to users digitally. Called the Market Analysis & Reporting Services (MARS), this dynamic, innovative technology will assist USDA Market News in collecting and distributing information electronically from remote locations, by combining reporting from all commodity areas (Livestock, Cotton, Specialty Crops, and Dairy) into a single platform.
This modernization effort will improve the transparency, speed, accuracy, and flexibility of this vital service and allow Market News to continue to expand its services to agricultural market participants. To ensure that our changes meet your needs, we are conducting focus groups and welcome you to participate. Your input will enable Market News to speed data flow from the agricultural markets, to agency analysts, and to the public, allowing users to create unique content. Read more »
Joe Gaynor (left) demonstrates how MARS will improve our services, helping ensure that farmers and ranchers know they're getting a fair price, wholesalers make better decisions about what and how much to buy, and commodity traders buy and sell based on current market information.
Editor’s Note: The free webinar on the Market Analysis and Reporting Services (MARS) has been moved to Thursday, April 14, 2016 at 2 p.m. Eastern. Sign up using this link: http://bit.ly/1MxNAWj
For over 100 years, USDA Market News has been an indispensable service, used by agricultural producers of all sizes to get timely, unbiased data from Market News reporters across the country. Farmers, ranchers, and the entire agricultural supply chain turn to USDA Market News – administered by USDA’s Agricultural Marketing Service (AMS) – for data that serves as the information lifeline for America’s agricultural economy. Now, Market News is entering a new phase, deploying the Market Analysis & Reporting Services (MARS). It’s a big step forward for AMS, Market News and for the markets and producers that use our data every day.
MARS was formally unveiled during the recent USDA Agricultural Outlook Forum. It includes the ability to capture livestock auctions for commodities like feeder cattle and will eventually include more than 600 commodities in real time (where applicable), and moves reporter’s data capture from the paper age to a connected digital age. That means a reporter at a livestock auction in, for example, Kansas will know in real time what comparable feeder cattle is selling for at an auction in Texas. Read more »
Market News reports reach millions of stakeholders every day to ensure that everyone in the ag supply chain have the information they need. Pictured here is Market News reporter Alexandra Wright.
As I walked up to my new USDA office, distracted by the animal noises, I dodged horse-drawn buggies while tiptoeing around cow pies. Originally from the suburbs of Atlanta, my exposure to livestock was limited. As a market reporter with USDA Market News, I found that my exposure would significantly increase and fast.
The entire agricultural supply chain turn to USDA Market News – administered by USDA’s Agricultural Marketing Service (AMS) – for reliable data that serves as the information lifeline for America’s agricultural economy. Our reports, with data gathered and distributed by reporters like me, reach millions of stakeholders every day to ensure that everyone in the ag supply chain have the information they need. Read more »