USDA to Host Informational Sessions on Live Cattle and Boxed Beef Reports

(JUNE 4, 2021) – Next week, the USDA Cattle and Carcass Training Centers will host a series of webinars covering USDA Live Cattle and Boxed Beef reports.

Over the course of three evenings, representatives from the USDA Agricultural Marketing Service and Colorado State University will introduce the audience to the reports, where to find them, and how to use these valuable marketing tools.

A panel of guest speakers representing a diverse cross-section of the U.S. cattle feeding industry, will share how they use the reports to implement risk management practices in their operations, and to facilitate the marketing of live cattle. Don’t miss out! Register for the webinar series HERE. 


PROGRAM OVERVIEW: 

Part I: Utilizing Livestock Mandatory Reporting (LMR) Live Cattle Reports
Tuesday, June 8, 2021, 6:00-7:00 PM CDT 

Presenters: Charlie Potts- Agricultural Marketing Service, and Dr. Stephen R. Koontz- Colorado State University, Department of Agricultural and Resource Economics Learn about Livestock Mandatory Reporting (LMR) and get answers to the most frequently asked questions USDA receives regarding LMR reports. Look at the various elements of these reports and examine the differences between the types of reports used in the cattle industry. Explore how USDA Live Cattle reports are used to manage price risks associated with domestic production.

Part II: USDA LMR Boxed Beef Reports- How Quality Grade Impacts Value
Wednesday, June 9, 2021, 6:00-7:00 PM CDT 

Presenters: Chris Sommers- Agricultural Marketing Service, and Dr. Stephen R. Koontz- Colorado State University-Department of Agricultural and Resource Economics Explore the fundamentals of the USDA Box Beef Cutout Value reports and the factors which influence these reports. Our presenters will explain concepts related to price differences between the various USDA Grades of wholesale beef cuts, dive into specific elements of the reports, such as the “Choice/Select spread” and other elements that can be used to make more informed production and marketing decisions.

Part III: Using LMR Reports in the Real World: An Industry Panel
Thursday, June 10, 2021, 6:00-7:30 PM CDT 

Panelists: Spencer Prosser- MP Agrilytics; David Trowbridge- Gregory Feedlots; and Jordan Levi- Arcadia Asset Management Hear from a panel of U.S. beef industry peers how they leverage the data in USDA’s LMR cattle reports to support decision-making and manage risk, from the perspectives of a large feed-lot company, a mid-sized cattle feeder enterprise, and a cow/calf operation. This session will conclude with a live question and answer session with the three panelists and speakers from Parts I and II of this webinar series.