Understanding USDA's New Market News Reports

| September 1, 2021

Contact: Anna Hastert, Director of Communications, 515-296-2266

At the beginning of August, the U.S. Department of Agriculture (USDA) announced the development of two new reports based on data from Livestock Mandatory Reporting. The purpose of releasing this information is to provide additional insight into formula cattle trades.   

Last night, the Iowa Cattlemen’s Association hosted a webinar with Charlie Potts from the USDA Agricultural Marketing Service (AMS). Charlie walked through the new reports and answered questions from producers regarding the data presented.

If you missed the webinar, you can watch a recording here.


The reports covered in the presentation are below:

Formula Base Morning (released daily 11:45 a.m.)

https://www.ams.usda.gov/mnreports/ams_3494.pdf

Formula Base Summary (released daily 11:45 a.m.)

https://www.ams.usda.gov/mnreports/ams_3496.pdf

Formula Base Afternoon (released daily 3:45 p.m.)

https://www.ams.usda.gov/mnreports/ams_3495.pdf

Weekly Net Price Distribution (released 2nd reporting day of the week, normally Tuesday's at 2:00 p.m.)

https://www.ams.usda.gov/mnreports/ams_3492.pdf


Weekly Regional Formula Base and Forward Contract Base Reports are also available. See below:

TX/OK/NM Weekly Formula Base and Forward Contract Base Report (released Monday's at 11:45 a.m.)

https://www.ams.usda.gov/mnreports/ams_3497.pdf

Kansas Weekly Formula Base and Forward Contract Base Report (released Monday's at 11:45 a.m.)

https://ams.usda.gov/mnreports/ams_3498.pdf

Nebraska Weekly Formula Base and Forward Contract Base Report (released Monday's at 11:45 a.m.)

https://www.ams.usda.gov/mnreports/ams_3499.pdf

Colorado Weekly Formula Base and Forward Contract Base Report (released Monday's at 11:45 a.m.)

https://www.ams.usda.gov/mnreports/ams_3500.pdf

IA/MN Weekly Formula Base and Forward Contract Base Report (released Monday's at 11:45 a.m.)

https://www.ams.usda.gov/mnreports/ams_3501.pdf


If you have specific questions regarding any USDA AMS reports, please contact Charlie Potts at 816-676-7013 or [email protected]