Beef production is up, while production of other meat types is down. Stephanie Ho has a story explaining why. She also looks at how USDA, during its latest look at meat trade, raised the forecast for U.S. beef exports.
Argentina Peanut Shipments to Russia Affected by War
Due to the war in Ukraine, the peanut industry in Argentina is finding it difficult to deliver some of their crop to Russia. Tyron Spearman reports they are extremely worried since Russia and Ukraine buy approximately 170,000 tons each year, and now there is a great deal of uncertainty.
Strong Momentum for U.S. Beef Exports; Pork Exports Trend Lower
Coming off a record-breaking performance in 2021, U.S. beef exports remained red-hot in January, according to data released by the U.S. Department of Agriculture and compiled by the U.S. Meat Export Federation (USMEF). Pork exports continued to trend lower in January despite another outstanding month for exports to leading market Mexico. Beef exports totaled 119,066 metric tons (mt), up 13% …
Impact of Red Meat Exports on Corn, Soy
U.S. red meat exports accounted for $2.94 billion worth of corn consumption or 536.7 million bushels last year. That’s according to analysis by The Juday Group and U.S. Meat Export Federation (USMEF) of preliminary estimates of 2021. On the soy side, pork exports accounted for nearly 100 million bushels of consumption worth $1.3 billion. During last week’s Commodity Classic in …
Peanut Industry Will be Affected by Russia Invasion of Ukraine
We are hearing more and more reports of how Russia’s invasion of Ukraine is affecting various aspects of the grain and energy sectors and is starting to be felt by U.S. growers and consumers. Tyron Spearman reports shipments of peanuts from certain countries will also be affected.
U.S. Dairy Exports Could Be Record High This Year
We’ve reported before how U.S. agricultural exports set new records last year, and how many are expecting this year to be even better. They could eclipse the $177 billion number hit last year. And last year’s numbers included records for U.S. dairy exports. Gary Crawford has a story looking at what the dairy industry could expect in 2022. William Loux, …
China Scooping Up U.S. Corn and Soybeans
The world’s biggest importer of commodities is feeling the pinch of the Russian invasion of Ukraine. China is buying large numbers of U.S. corn and soybeans to help offset potential shortages in world commodity supplies because of the Russian invasion of Ukraine and slower harvests in South America. Bloomberg says Chinese buyers booked 20 cargoes of American soybeans and 10 …
Russian Ministry Recommends Halting Fertilizer Exports
Russia’s ministry on trade and industry is recommending the country’s fertilizer producers temporarily halt exports. Reuters says it’s a sign that sanctions imposed after Russia invaded Ukraine might impact other countries. Many major international shipping companies suspended virtually all cargo shipments to and from Russia to comply with sanctions. The Russian ministry says, “We have recommended Russian producers temporarily suspend …
Prolonged Fertilizer Disruptions Possible
Nutrien, the world’s largest fertilizer producer, says Russia’s invasion of Ukraine could result in prolonged disruptions of fertilizer supplies. In a report from Reuters, Interim Chief Executive Ken Seitz said Nutrien will boost potash production if it sees sustained supply problems in Russia and Belarus, the world’s second-and third-largest potash producing countries after Canada. The comments come as farmers are …
Ag Exports Projected for $183.5 Billion for FY ’22
By Clint Thompson U.S. agricultural exports produced record results in 2021. The fiscal year (FY) 2022 forecast is projected to even eclipse that $177 billion number. Daniel B. Whitley, administrator in the U.S. Department of Agriculture Foreign Agricultural Service, said projections are forecast for $183.5 billion for FY 2022. “This is unprecedented. This is unheard of,” Whitley said during the …