When does USDA information have the most impact on crop and livestock markets?

This study compares the impact of Prospective Plantings, Acreage, Crop Production, Production Annual Summary, Grain Stocks, WASDE, Cattle on Feed, and Hogs Pigs reports corn, soybean, wheat, cotton, live cattle, lean hogs markets over 1985–2018. Simultaneous releases several are handled by evaluating report clusters. Our approach allows us to demonstrate relative various information shows when tend be affected most. The findings this provide evidence guidance for future policy decision regarding role USDA in modern agricultural markets.