USDA begins posting wholesale bison meat prices

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WASHINGTON – The USDA’s move to begin posting wholesale bison meat price information is another indication that buffalo is moving into the mainstream marketplace, according to the Colorado-based National Bison Association.

“Development of the new wholesale price report is a valuable new tool that will assist marketers and buyers alike in establishing new markets for bison meat,” said Dave Carter, executive director of the National Bison Association.

New report. The new report, posted for the first time in July, indicates that the demand and prices are steadily increasing for bison meat.

“The new USDA market reporting service reflects the strengthening market that is taking place for our meat products,” Carter said.

The initial market report posted by USDA was based upon price information obtained from processors accounting for 62.8 percent of the animals processed in June.

“This is a very good level of information upon which to base a national report,” Carter noted.

Development. The new monthly market report has been under development by USDA for the past nine months.

The agency has been working with the National Bison Association’s Commercial Marketers Committee to develop the report data collection and price reporting format.

The new market report can be viewed at www.ams.usda.gov/mnreports/nw_ls526.txt.

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