USDA’s Agricultural Marketing Service (AMS) has launched a new reference site to help producers, processors, packers, and other market participants better utilize livestock, meat, and grain reports.
The new reference room can be found by clicking on the “Reference Room” link on the Market News Portal website at http://marketnews.usda.gov/portal/lg. This new site features three main tools to help users access and interpret Livestock and Grain Market News reports: a Glossary of Terms, Tutorials and Report Overviews.
The Glossary of Terms defines commonly used terminology used in Livestock and Grain Market News reports.
The Tutorial section has narrated, step-by-step instructional videos that walk users through the website’s most popular interactive features. For example, users who want to learn how to receive market news reports by e-mail can play a short, 2-minute video that quickly shows each step in the process. Users can also watch these “how to” videos on navigating the Market News Portal and searching for historical data, navigating a Market News Dashboard, subscribing to RSS feeds, and related actions.
The Report Overviews section has information on how to read some of the most frequently accessed reports, such as boxed beef and the pork carcass cutout. Each document outlines key features of the reports, how values are derived, and what the data are frequently used for.
AMS continually seeks ways to make market information more useful and relevant for the agricultural industry. Market news information sheds light on price and supply information, and encourages competition in the marketplace for livestock, meat, grain, feedstuffs, hay, bioenergy and related agricultural products.
The launch of this page also furthers goals outlined in the 2008 farm bill, which directed USDA to provide educational material regarding its market news program.