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A USDA reorganization in 1961 led to the creation of the Statistical Reporting Service, known today as National Agricultural Statistics Service (NASS). [1] The 1997 Appropriations Act [2] shifted the responsibility of conducting the Census of Agriculture from U.S. Census Bureau to USDA. Since then the census has been conducted every five years ...
With almost all of Texas in drought, ranchers are sending ever more cattle off to slaughter, a trend likely to increase beef prices over the long term due to dwindling supply from the largest ...
The Posted county price (PCP) is calculated for the so-called loan commodities (except for rice and cotton) for each county by the Farm Service Agency in the United States. The PCP reflects changes in prices in major terminal grain markets (of which there are 18 in the United States), corrected for the cost of transporting grain from the county ...
The CME Feeder Cattle Index is calculated using prices reported by USDA's Agricultural Marketing Service (AMS). AMS reports number of cattle sold, average price of sale, and average weight of cattle sold for daily feeder cattle transactions for every US state in 50 pounds (23 kg) segments for each grade segment.
Live cattle is a type of futures contract that can be used to hedge and to speculate on fed cattle prices. Cattle producers, feedlot operators, and merchant exporters can hedge future selling prices for cattle through trading live cattle futures, and such trading is a common part of a producer's price risk management program. [1]
On October 14, 1980, the report was released for the first time as the World Agricultural Supply and Demand Estimates and it was the first report to provide categorized estimates for the world, US, total foreign, major importers and major exporters. [8] Estimates for individual countries were first included in the report released on January 11 ...
In 1958, the law that is enforced today by the USDA Food Safety and Inspection Service (FSIS) was passed as the Humane Slaughter Act of 1958. This Act requires the proper treatment and humane handling of all food animals slaughtered in USDA inspected slaughter plants. It does not apply to chickens or other birds. [23]
The DRS bought cattle in counties which were designated emergency areas, where cattle were in danger of starvation due to drought. [3] The prices paid ranged from $14 to $20 a head. Animals unfit for human consumption – more than 50 percent at the beginning of the program – were killed.