The U.S. Department of Agriculture (USDA) just released its quarterly agricultural trade forecast, and it is projecting fiscal year 2021 U.S. farm exports at $164 billion – the highest total on record. This represents an increase of $28 billion, or 21%, from last fiscal year’s total, and a $7-billion increase from USDA’s previous FY 2021 forecast published in February. The …
Argentina’s Suspension of Beef Exports a Misguided Policy
Last week the Argentine government announced a suspension of most beef exports, with the goal being to bolster domestic supplies. U.S. Meat Export Federation (USMEF) Economist Erin Borror explains why this is a misguided policy. While some may view this as a potential boost for U.S. beef exports, as Borror said the export suspension is of little benefit to anyone. Sponsored ContentCIR …
USTR Begins USMCA Dispute Panel on Dairy Trade with Canada
U.S. Trade Representative Katherine Tai Tuesday announced the U.S. has requested and established a dispute settlement panel under the United States-Mexico-Canada Agreement (USMCA) regarding dairy trade. The request seeks to review measures adopted by Canada that “undermine the ability of American dairy exporters to sell a wide range of products to Canadian consumers.” The U.S. is challenging Canada’s allocation of …
Lawmakers Seek Level Playing Field for U.S. Pork Producers in Vietnam
More than 70 U.S. lawmakers sent a letter this week to U.S. Trade Representative Katherine Tai seeking her support for enhanced Vietnamese market access for U.S. pork. Vietnam represents a tremendous opportunity for U.S. pork exports, and the National Pork Producers Council (NPPC) appreciates the tremendous support for one of its top trade priorities. In a release, NPPC President Jen Sorenson said, “We …
Record-Breaking Performance for U.S. Beef and Pork Exports in March
U.S. red meat exports ended the first quarter on a very high note, according to data released by the U.S. Department of Agriculture and compiled by the U.S. Meat Export Federation (USMEF). Both beef and pork exports in March posted the highest monthly value on record. Beef exports in March, at 124,808 metric tons (mt), was up 8% from a …
U.S. Beef Poised for Summer Rebound in Europe
U.S. beef gained greater access to the European Union at the beginning of 2020 through a country-specific quota aimed at allowing more U.S. product to enter the EU at zero duty. But with most U.S. beef cuts traditionally consumed in Europe’s foodservice and hospitality sectors, the U.S. industry struggled to fully capitalize on the revised quota due to widespread restrictions …
2020 Export Surge
Despite the COVID-19 pandemic, there was an increase in some U.S. agriculture exports in 2020. Tyron Spearman has the details. Sponsored ContentCIR Agriculture Harvester ProductsJuly 1, 2026FL Cattle Enhancement Board Wraps up Funding YearJune 30, 2026Florida Cattle Enhancement Board Awarded Researcher Discusses New World Screwworm OverviewJune 19, 2026Verdant Robotics Offers Growers Targeted Application of Herbicides or Beneficials through SharpShooter™June 16, …
Pace of Cotton Exports has been Strong
The pace of U.S. cotton exports has been strong as of late. According to a story from Stephanie Ho, that means a tightening of stocks. Sponsored ContentCIR Agriculture Harvester ProductsJuly 1, 2026FL Cattle Enhancement Board Wraps up Funding YearJune 30, 2026Florida Cattle Enhancement Board Awarded Researcher Discusses New World Screwworm OverviewJune 19, 2026Verdant Robotics Offers Growers Targeted Application of Herbicides …
Farm Credit System Reviews Ag Economy
Record agricultural exports are contributing to favorable economic conditions for the U.S. farm sector. Exports to China have risen to record levels, with increases in soybeans, corn, wheat and cotton. High crop prices and strong producer margins are expected to bring more acreage into production, but continuing drought in much of the western United States is a concern. The Farm …
February Red Meat Exports Below Last Year, But Outlook Remains Strong
The February red meat export numbers have been released, and according to the new data, exports of U.S. beef and pork remained below the rapid pace established in 2020. The numbers, released by the U.S. Department of Agriculture and compiled by the U.S. Meat Export Federation (USMEF), indicates exports were consistent with projections and USMEF still expects 2021 beef exports …