In September, the USDA Agricultural Marketing Service initiated a monthly national grass fed beef market report. The report is housed in the USDA Market News for Beef section under the ‘monthly’ reports listing. This is the first report of its kind, filling a significant data gap for the industry and increasing transparency in the marketplace.
For almost a century, USDA Market News has provided farmers, ranchers and businesses with market and pricing information. With the new market report and better access to information, USDA is helping farmers and ranchers who are considering converting to grass fed operations and those who are already producing grass fed beef.
The first monthly grass fed report was issued on Monday, September 23, 2013. In addition to market commentary, the new report includes three sections: prices paid for live cattle, wholesale beef prices, and direct-market beef prices. This monthly report brings market clarity and exposure to assist the grass fed industry in marketing their products. In the future, as the number of market reporting participants grows, USDA will continue to expand the report by including trade volume data, and adding graphs and other visuals. Source: USDA news blog