AMS Plans to Update Yields for Livestock Mandatory Reporting
December 9, 2017

The U.S. Department of Agriculture's Agricultural Marketing Service plans to update yield data and processing and packaging costs, where applicable, for all red meat commodities covered under the Livestock Mandatory Reporting Act.

AMS publishes daily and weekly cutout values for boxed beef, wholesale pork and boxed lamb as a valuable service to the livestock and meat industries. These cutout values are based on the individual meat cuts reported to AMS on a daily basis according to the LMR Act and Regulation. In order to ensure that reported cutout values continue to be reflective of current production and marketing practices, AMS surveyed the meat processors covered by the act for their current product yields, as well as processing and packaging costs, for boxed beef, wholesale pork and boxed lamb cuts. This information is utilized in the calculations of individual primal values and cutout values.

The updated yield and cost information reflects AMS' commitment to the industry to provide information that is readily understood by market participants. The changes will also improve price and supply reporting services at USDA and encourage competition in the marketplace for livestock and livestock products. The yields will be updated and reflected in the lamb, pork and beef cutouts on Jan. 9, 2017. To provide further clarity regarding the yield updates, the lamb, pork and beef cutout overviews will be updated in early 2017.