As previously announced, the U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service (AMS) will post updated yield data and processing and packaging costs, where applicable, for all red meat commodities covered under the Livestock Mandatory Reporting (LMR) Act, effective Monday, January 9, 2017.
As a valuable service to the livestock and meat industries, AMS publishes daily and weekly cutout values for boxed lamb, wholesale pork, and boxed beef. These cutout values are based on the individual meat cuts reported to AMS on a daily basis according to the LMR Act and Regulation. With industry provided data, AMS updated its product yields and processing and packaging costs to ensure the reported cutout values for boxed lamb, wholesale pork, and boxed beef are reflective of current production and marketing practices. This information is used in the calculations of individual primal values and cutout values.
AMS is committed to providing industry with information that is readily understood by market participants. The updated yield and cost information will improve price and supply services at USDA and help to foster a more competitive marketplace for livestock and livestock products. The updated cutout overviews for lamb, pork, and beef are now available to provide further clarity for these changes.
If you have any questions, contact Mike Lynch, Livestock, Poultry, and Grain Market News Director, at (202) 720-4846; or Taylor Cox, Field Chief, at (515) 284-4460. Livestock Mandatory Reporting information can be found on the AMS website at: www.ams.usda.gov/rules-regulations/mmr.
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