diff --git a/Library/Homebrew/cmd/update-report.rb b/Library/Homebrew/cmd/update-report.rb
index e188db3592..0d7fba56fe 100644
--- a/Library/Homebrew/cmd/update-report.rb
+++ b/Library/Homebrew/cmd/update-report.rb
@@ -194,6 +194,8 @@ module Homebrew
 
     return if ENV.key?("HOMEBREW_DISABLE_LOAD_FORMULA")
 
+    ohai "Migrating cache entries..."
+
     Formula.each do |formula|
       specs = [*formula.stable, *formula.devel, *formula.head]