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 Market News takes great pride in following beef through all channels of production, bringing clarity to the beef markets, and offering a wide variety of data and information available to the public.
The United States is the largest beef producer and one of the largest beef exporters in the world. In order to remain competitive, our Nation’s beef producers and everyone else in the supply chain need reliable data to evaluate market conditions, identify trends, make purchasing decisions, and monitor price patterns.
USDA Market News – part of USDA’s Agricultural Marketing Service – provides the entire beef industry with equal access to the data they need with just the click of a button. Livestock, Poultry, and Grain Market News Division reporters gather and disseminate beef market information, ranging from feeder cattle to retail beef prices. From farm-to-fork, we have the cattle and beef markets covered. Read more »
AMS plays an integral role by providing organic data, standards, and other resources to small producers and consumers across the country.
Consumers can find certified organic products at most grocery stores and demand for organic products continues to increase, with U.S. retail sales valued at more than $43 billion in 2015. Organic products are grown, raised and produced by over 31,000 certified operations, and many of those operations receive higher prices, or premiums, for their products.
Recently, USDA’s Economic Research Service (ERS) issued a report entitled Changes in Retail Organic Price Premiums from 2004 to 2010. The report highlights the retail price premium charged for organic foods compared to conventional products. For the report, ERS used a virtual shopping basket of 17 products and data collected from Nielsen scanners to calculate the organic prices and how they changed from 2004-2010. Read more »
As an unbiased agricultural resource, Market News retail reports help encourage market stability and transparency by promoting healthy competition within the marketplace and providing equal access to market information for small and mid-sized producers and retailers.
Sound business decisions are based off of reliable data, and this is certainly the case for food producers and retailers. For small and mid-sized producers, access to timely and reliable data can be critical to their success. Whether they are selling products on the wholesale or retail market, producers need to quickly see the commodities in demand and how much they should be charging for their product or what products are the best buy for shoppers at that moment in time.
The entire agricultural supply chain turns to USDA Market News – administered by USDA’s Agricultural Marketing Service (AMS) – for the data they need when they need it. Serving stakeholders of all sizes and at all levels of trading, from small producer to retailer to consumer, USDA Market News allows producers and purchasers to realistically compare prices, trends, supply and demand from day to day and from market to market across the country. USDA Market News ensures that no group is disadvantaged by lack of information. Read more »
A bar chart showing pricing comparisons for common organic and farmers market vegetables. Visit agriculture.vermont.gov/localfooddatatracking for the full report from agriculture.vermont.gov.
When comparing product prices between farmers markets and retail stores, local products are competitively priced – within a 10 percent price range – at farmers markets a majority of the time, even less expensive for some foods. Local, certified organic products at farmers markets are almost always competitively priced when compared to prices at retail stores.
These are just some of the findings from a recent project conducted by the Local Foods Data Tracking Program, a joint effort between USDA’s Agricultural Marketing Service (AMS) Market News division and the Vermont Agency of Agriculture, Food, & Markets (VAAFM). Prices were collected on a variety of fruits and vegetables, as well as a selection of meat and poultry products grown and sold in Vermont. 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 »