Section 415 of the Packers and Stockyards Act of 1921 (Act) (7 U.S.C. § 228d) requires the U.S. Department of Agriculture (USDA) to provide Congress and the public with an annual report that assesses the general economic state of the cattle and hog industries, describes changing business practices in those industries, and identifies market operations and activities that appear to raise concern under the Act. A brief overview of the Packers and Stockyards Division (PSD) with its authorities and responsibilities provides context for assessment of the economic state, business practices, and concerns that follow. The latest report includes data, PSD activities, and other related livestock and poultry industry information. More information on the work of the Packers and Stockyards Division is available on the PSD section of the website: https://www.ams.usda.gov/services/packers-and-stockyards-division.
2023 and 2024 PSD Annual Report (pdf)
Past Annual Reports