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Posts tagged: OCE

Market News – Indispensable to Producers on Earth, Now Goes to MARS

Joe Gaynor demonstrating the new MARS data platform

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 »

The Life of a USDA Market News Reporter

USDA Market News reporter Alexandra Wright

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 »

Congrats to the Student Diversity Program Winners, See You at the 2016 Agricultural Outlook Forum

A group of 30 university students, announced by Agriculture Secretary Tom Vilsack, will get a head start to a career in agriculture as winners of USDA’s Agricultural Outlook Forum Student Diversity Program.  Twenty university juniors and seniors were chosen based their essays on “Agriculture as a Career.”  Additionally, 10 graduate students were chosen in response to “The Greatest Challenge Facing Agriculture over the Next Five Years.” Read more »

Creating Uniformity in a Diverse Industry

Livestock

Livestock correlations, like the one held at Penn State, are one way that USDA Market News ensures the accuracy and consistency in its reports. The correlation allowed reporters to compare live animal assessments and grades with the post-slaughter assessment and grades of the same animals.

During its 100 years of serving the livestock industry, USDA Market News – part of USDA’s Agricultural Marketing Service (AMS) – has prided itself in creating transparency and clarity in the marketplace by allowing all industry stakeholders to have the same information about the market at the same time.  The entire agricultural supply chain relies on USDA Market News for timely, unbiased data.  Without this free service, information would not be available to everyone equally, making USDA Market News a vital lifeline for America’s agricultural economy.

Over the years, countless changes have occurred in the livestock industry – like the way that livestock standards are applied and the way market reporting is conducted.  To keep up with these changes, livestock correlations are held to assure the industry that all USDA market reporters are applying the USDA’s livestock grades and standards consistently and accurately. Read more »

Agricultural Production in Brazil: Adapting to a Resilient Climate

U.S. Department of Agriculture (USDA) Agricultural Marketing Service (AMS) Fruit and Vegetable Programs Market News Chief of the International Reports Section Dr. Luis Palmer (second from right with blue shirt) touring the market with MIOA members. Photo by Francisco Stuckert, CONAB

The Market Information for the Organization of the Americas (MIOA) members also toured the local wholesale market, Centrais de Abastecimento do Distrito Federal S.A (CEASA-DF) in Brasilia, Brazil. U.S. Department of Agriculture (USDA) Agricultural Marketing Service (AMS) Fruit and Vegetable Programs Market News Chief of the International Reports Section Dr. Luis Palmer (second from right with blue shirt) tours the market with MIOA members. Photo by Francisco Stuckert, CONAB

Over the last 25 years, the American farmer has become increasingly aware of the impact of South American agricultural output on the global supply of grains and oilseeds.  For example, in recent years Brazil has risen to the number one position as an exporter of soybeans.  Further, the combined output of Brazil and its neighbors, Argentina and Paraguay, is challenging the United States’ position as the world’s leading supplier of corn.

Brazil is unique in that it has a relatively stable agricultural output trend due to improving production techniques, and in most years, abundant rainfall for production of various crops.  The climate and cropping patterns are behind the increases in agricultural production, which were made possible by the shift of production into regions less prone to drought.  There is also the potential for expansion into untapped lands, although infrastructure and land ownership issues are a limiting factor.  Meantime, thanks to ample rainfall and land resources enjoyed by producers, Brazil has the potential to become an agricultural powerhouse for years to come. Read more »

China’s Impacts of Slowing Growth on Trade and Agriculture in the U.S.

People's Republic of China General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) officials taking samples of U.S. soybeans at the Port of Dalian

People's Republic of China General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) officials take samples of U.S. soybeans at the Port of Dalian as part of a joint study comparing U.S. and Chinese inspection practices. Photo taken by USDA/FAS employee Mark Rasmussen.

International trade is a major factor in the American agricultural economy.  A key player is China.  In fact China’s impact on slowing growth on trade and agriculture is a session topic during the 2016 United States Department of Agriculture’s Agricultural Outlook Forum.

Over the last two decades, China’s economic prosperity and increased consumer demand for food has significantly contributed to the record growth in United States agricultural exports.  From fiscal year (FY) 2000 to FY 2015, the value of U.S. agricultural and related exports to China rose from $1.7 to $25.9 billion dollars.  Currently, nearly 17 percent of all U.S. agricultural exports are destined for the Chinese market.  These export figures highlight the critical importance of the U.S.-China trade relationship for U.S. agriculture and underscores the United States interest in China’s ability to maintain a strong and stable economy. Read more »