The Livestock Mandatory Reporting (LMR) Live Cattle Data Dashboard is now available from the U.S. Department of Agriculture (USDA).
The tool, announced earlier this year, provides users the ability to view and access LMR live cattle market information. Additional information on the actual net premiums and discounts paid to cattle producers by packers under formula marketing arrangements and detailed quality grand price distribution information is also available.
USDA said the enhanced insight on the markets aims to foster a fairer and more competitive marketplace.
“Cattle producers are encouraged to utilize the information as they consider how to market their cattle,” Tracy Tomascik, Texas Farm Bureau associate director of Commodity and Regulatory Activities, said.
The LMR dashboard is part of a series of ongoing efforts by USDA’s Agricultural Marketing Service (AMS) to make access to USDA Market News information more user-friendly.
AMS also started publishing additional information on the actual net premiums and discounts paid to cattle producers by packers under formula marketing arrangements on the National Weekly Direct Slaughter Cattle Report — Formulated and Forward Contract report.
Detailed quality grade price distribution information is also available from AMS on the National Weekly Fed Cattle Comprehensive report.
“In the last several years, AMS has offered these data in new and modern ways to ensure all stakeholders have access to the information they need to efficiently market their agricultural products,” USDA said in the news release. “The enhanced insight gained from these tools gives producers equitable footing with large volume data users and fosters a fairer and more competitive marketplace.”
For more information about the new dashboard, contact Michael Sheats, director of USDA’s Livestock, Poultry, and Grain Market News Division, at 202-690-3145 or Michael.Sheats@usda.gov.
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