🧀 Wisconsin Dairy: Wisconsin produces ~26% of US cheese. Class III prices (cheese-based) directly affect WI dairy farmer income. Track cheese spot prices daily at CME.

📍 Regional Dairy Reports

Upper Midwest

WI, MN, IA, SD, ND

→ Upper Midwest Dairy → Central Cheese Report

Northeast

NY, PA, VT, ME

→ Northeast Dairy

West

CA, ID, WA

→ Western Dairy

🐄 National Livestock Reports

🐄 Livestock & Poultry

USDA AMS livestock, poultry & grain hub

View Reports →

📊 Mandatory Price Reports

Cattle, hog, lamb mandatory price data

View Datamart →

📁 AMS Report Archive

Search all published USDA reports

Search Reports →

💹 AGSIST Live Prices

Live cattle, feeder, lean hog futures

View Dashboard →

📍 Regional Livestock Auctions

📖 Understanding USDA Market Reports

Cash Price

What elevators/buyers are actually paying today. Equals futures ± basis.

Basis

Cash price minus nearest futures price. Reflects local supply/demand, transport costs.

Bid vs Offer

Bid = what buyer will pay. Offer = what seller wants. Spread = negotiation room.

Choice vs Select

Beef quality grades. Choice is higher marbling. Choice-Select spread indicates consumer demand.

Cutout Value

Calculated wholesale price of a carcass. Tracks packer profitability.

Class III Milk

Price based on cheese & whey. Determines most WI dairy farmer payments.

Block vs Barrel

Two forms of cheese traded at CME. Blocks = retail, Barrels = processors.

Dressed Weight

Carcass weight after processing. Cattle: ~63% of live weight. Hogs: ~75%.

📅 Report Timing: Most grain reports release daily. Livestock reports are weekly (usually Thursday/Friday). Dairy reports are weekly to monthly depending on type.