WASHINGTON, D.C. – The U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service (AMS) today announced the Livestock Mandatory Reporting (LMR) Live Cattle Data Dashboard tool is now available.
In June 2024, USDA announced the pending launch of this new tool, which provides users the ability to view and access LMR live cattle market information in a manner that is easy to use and understand. The LMR Dashboard is part of a series of ongoing efforts by AMS to make access to USDA Market News information more user-friendly.
The new digital tool for cattle producers will give users the ability to access LMR live cattle market information they need to efficiently market their cattle says Agriculture Secretary Tom Vilsack.
“This market news information is provided in a meaningful, accessible and user friendly format and provides new and useful information to producers,” said Vilsack.
AMS has 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 and detailed quality grade price distribution information on the National Weekly Fed Cattle Comprehensive report.
Vilsack observed, “This gives users the ability to access and analyze, intuitively and in detail, past and present market data that can provider greater transparency to the cattle markets.”
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. The enhanced insight gained from these tools gives producers equitable footing with large volume data users and fosters a fairer and more competitive marketplace.
