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01-28-2019 09:09 AM
Just an observation -- non-government-sourced market-related news receives a poor grade during partial shutdown, shows how much we rely on USDA for basic information, flow of information, and how USDA-centered our reporting mechanisms really are. Not that there's anything wrong with that, or is there.
01-28-2019 11:38 AM
I agree with you.
The first thing to do is to understand the report so we interpret them right.
If there are things we don't agree with then we need to provide feedback to try to get them corrected.
01-28-2019 05:30 PM
Good luck with that
HRW has been declining in acres for many years ......... when did usda first notice it? After all it isn't corn or beans...
I saw a story written off of usda data a couple of days ago.......saying chicken consumption per capita, in the US has gone up far more than beef consumption from a century ago.
Did we not eat chickens or eggs pre world war 2? Or did those complicated usda surveys get lost in the mail.... I checked my 1907 usda published report and I think chickens existed, made up a big part of the family diet and probably the main course in a sunday meal, but they were raised on location and traded privately across the country..... possibly black market or private treaty chickens,,,,or even gift chickens were not a matter of concern for usda at the time. (or maybe we didn't have the staff at usda to count chickens......and were willing to admit it.
Either way, I doubt the accuracy of the assumptions in the story. But it is a great example of how government data is manipulated and regurgitated back to us to validate stuff.
The only thing sure is usda will never admit that its data on chickens from 1907 is not accurate, or even admitt we should read the disclaimers in the annual or consider that goals and expectaions of their work have been exponentially over blown the last 50 years.
I am glad they are back, but I will continue to try to understand the limitations and processing of their work and resist considering their "stuff" as absolute fact.
Anybody notice the news on Japans data scandal?? Report is 40% of its economic data presented cannot be supported.
Should we expect federal data to be 60% accurate? Or would we rather have "on time and exciting" than accurate data....?
How accurate can US reports on China agriculture be? or even China's news releases?