GIPSA Releases Meat Marketing Report
August 5, 2005
August 5, 2005 -- The U.S. Department of Agriculture?s Grain Inspection, Packers and Stockyards Administration (GIPSA) announced this week the release of an interim report on the use of marketing arrangements in the livestock and meat industries.
The interim report describes different ways of marketing livestock and meat through successive stages of production and marketing, including traditional spot marketing transactions, and the reasons various types of marketing arrangements are used. A considerable portion of the report deals with the lamb market.
GIPSA found that livestock and meat businesses are using a combination of marketing methods to complement their use of spot markets to obtain market access, to better manage price risk, to assure high and consistent quality and to reduce transaction costs.
A copy of the report and additional information about the study is available on GIPSA?s website at www.usda.gov/gipsa, by following the ?marketing study? icon.
A second and final report, scheduled for completion in 2006, will include a variety of analyses to better understand the advantages and disadvantages of marketing arrangements.