Cattle Market Expands Reporting, Transparency Within The Industry

Starting today, August 9th, two new USDA Market News reports will provide additional cattle market transparency to help promote fair and competitive markets. The new reports will be based on Livestock Mandatory Reporting data in an effort to deliver on President Biden’s Executive Order 14036 on Promoting Competition in the American Economy. The first report, the National Daily Direct Formula Base Cattle, will provide more in-depth information into the prices used in cattle market formulas, grids and contracts. The second report, the National Weekly Cattle Net Price Distribution, will provide the volume of cattle purchased at each level of pricing within the aforementioned formulas, grids and contracts. See why industry leaders are praising the additional transparency to the market.