North American Ag
Published Aug 6, 2021
NCBA WASHINGTON (August 5, 2021) – The U. S. Department of Agriculture-Agricultural Marketing Service (USDA-AMS) announced today that it will begin publishing a National Daily Direct Formula Base Cattle report, which will provide greater information into the foundational prices used in cattle market formulas, grids, and contracts, and a National Weekly Cattle Net Price Distribution report, which will show the volume of cattle purchased at each different level of pricing within those formulas, grids, and contracts. NCBA has long urged USDA to adopt policies that increase transparency in the cattle markets and applauds this effort to provide producers greater insight into cattle transactions. “USDA’s announcement is a significant step toward increasing transparency in the cattle markets,” said NCBA Vice President of Government Affairs Ethan Lane...
Categories: Ag Policy, Beef, News