USDA is discussing why it is reinstating some key reports that the previous administration cut.
Last week, the Department said that it would bring back the July Cattle Inventory Report, which the Biden USDA cut due to budget constraints. The department’s statistics arm explains why the reports are necessary and who benefits from them.
According to Troy Joshua with USDA NASS, “The July Cattle, the individuals that use that data are livestock producers and meat industries, helping the ranchers, feed lot operators, and processors plan for the herd management, procurement, and prices based on cattle and supply trends. Market analysts and traders they review and they look at that information, forecasting beef prices, supply trends as well. Policymakers and agribusinesses also utilize that data as well, and that’s just July Cattle.”
Joshua says that the USDA will also reinstate the May County Estimates Report.
Farm CPA Paul Neiffer joined us on Friday’s
Market Day Report to break down what this extension means for affected ranchers.
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Listen to Alex’s Dirt Diaries episode today on all podcast platforms or tune into Rural Radio SiriusXM Channel 147 to listen, weekends at 5 a.m. and 4 p.m. ET.
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On this week’s episode of
FarmHER + RanchHER, host Kirbe Schnoor travels to Wilson’s ranch to see how she blends tradition and technology to raise elite Red Angus cattle.
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Fewer placements and historically low marketings point to tighter cattle supplies ahead, with Nebraska and Kansas gaining ground as Texas feedlots face supply pressure and the threat of New World Screwworm.
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