Explore the USDA webinars for livestock producers to learn about and use AMS livestock mandatory reporting data.
May is National Beef Month, and the U.S. Department of Agriculture (USDA) is getting ready to roll out webinars for livestock producers in June, according to a Citrus Industry article. The Agricultural Marketing Service (AMS) has many market-based educational tools for cattle and livestock producers. See the details of the webinars below.
Webinars for Livestock Producers
A wealth of data is available, and the webinars for livestock producers will help attendees to understand how to utilize it. Details of the webinars from the AMS website include:
Part I: Utilizing Livestock Mandatory Reporting (LMR) Live Cattle Reports
Date and Time: Tuesday, June 8, 2021, 6:00-7:00 PM CDT (7:00 – 8:00 PM EDT)
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.
Part II: USDA LMR Boxed Beef Reports- How Quality Grade Impacts Value
Date and Time: Wednesday, June 9, 2021, 6:00-7:00 PM CDT (7:00 – 8:00 PM EDT)
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
Date and Time: Thursday, June 10, 2021, 6:00-7:30 PM CDT (7:00 – 8:30 PM EDT)
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.
All of the webinars are free and on Zoom. Register here.
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