Thursday, U.S. Trade Representative Katherine Tai and Ag Secretary Tom Vilsack announced the U.S. and Japan had reached an agreement that will help keep more American beef flowing into Japan. And this is news that pleases the National Cattlemen’s Beef Association (NCBA). As part of the terms of the Japan–U.S. Trade Agreement, both countries entered consultations after the volume-based safeguard was triggered in …
Peanut Export Update
While there is still uncertainty in some areas for peanut exports, Tyron Spearman reports they are still moving. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
USDA Forecasts Higher Beef Production, Prices
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. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
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. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly …
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. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst …
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 …