The U.S. Department of Agriculture (USDA) is forecasting an agricultural trade deficit in 2023. While deficits have happened in the past, the agency has never forecast one in advance until this year. The agency says ag exports are projected to reach $190 billion next year, but imports are projected to rise to $199 billion. Seth Meyer, chief economist with USDA, …
Hoping to Send More U.S. Peanuts to the European Union
Efforts continue to see that more U.S. peanuts head towards the European Union. Tyron Spearman has more details. Sponsored ContentFlorida Senator Shares Origins of Florida Cattle Enhancement BoardNovember 14, 2025CIR Agriculture Harvester ProductsNovember 8, 2025Florida Cattle Enhancement Board Plays Critical Role To Extend ResearchNovember 7, 2025Florida Cattle Enhancement Board Funded Research Impactful for the Future of the Florida Cattle IndustryOctober …
Amazing Year for Beef Exports
2022 was an amazing year for U.S. beef exports, according to Joe Schuele, vice president of communications for the U.S. Meat Export Federation (USMEF). He recently told AgNet Media this all comes after a record year in 2021. Schuele noted that next year, U.S. beef exports numbers will probably be down a bit. October Pork Exports Largest in 16 Months; …
U.S. Dairy Salutes USTR’s Pursuit of Canadian USMCA Compliance
Tuesday, both the National Milk Producers Federation (NMPF) and U.S. Dairy Export Council (USDEC) commended the U.S. Trade Representative’s announcement that it is filing a new request for dispute settlement consultations with Canada in order to expand the scope of the second U.S.-Mexico-Canada Agreement (USMCA) dairy dispute to include additional elements necessary to ensure that Canada fully complies with its USMCA obligations. The initial …
Vilsack Keeps Up Pressure on Mexico Over GMO Corn Ban
USDA Secretary Tom Vilsack is keeping up the pressure on Mexican officials to back off plans in 2024 to ban imports of GMO corn. Vilsack planned to hear from Mexican officials visiting Washington about how they’d modify President Lopez Obrador’s plans to ban imports of genetically modified corn starting in 2024. But he also had a warning. “If the proposal …
Tracking Usage, Exports of U.S. Peanuts
With the new crop of peanuts filling warehouses, many are tracking where not only usage, but also exports numbers are right now. Tyrion Spearman looks at the latest reports. Sponsored ContentFlorida Senator Shares Origins of Florida Cattle Enhancement BoardNovember 14, 2025CIR Agriculture Harvester ProductsNovember 8, 2025Florida Cattle Enhancement Board Plays Critical Role To Extend ResearchNovember 7, 2025Florida Cattle Enhancement Board …
Impressive U.S. Pork and Beef Exports Numbers
A new report shows October exports of U.S. pork were the largest in more than a year, while beef export volume also increased from a year ago. And, according to the data released by USDA and compiled by the U.S. Meat Export Federation (USMEF), U.S. beef exports are on a record pace in 2022 and have already exceeded $10 billion. USMEF President …
Crop Reports a Non-Factor for Grain Trade
Last week’s crop reports from USDA, according to Mark Oppold, were a non-factor for the grain trade. He explains why, along with looking at other market factors traders are watching right now. Sponsored ContentFlorida Senator Shares Origins of Florida Cattle Enhancement BoardNovember 14, 2025CIR Agriculture Harvester ProductsNovember 8, 2025Florida Cattle Enhancement Board Plays Critical Role To Extend ResearchNovember 7, 2025Florida …
USDA Lowers Expected U.S. Corn Exports, Raises Ending Stocks
Last week, the U.S. Department of Agriculture (USDA) released their December World Agricultural Supply & Demand Estimates (WASDE) report, which shows most U.S. grain and oilseeds estimates were unchanged from the previous month. Citing slow sales and shipments through early December and competition from other exporters, the USDA lowered corn exports for the 2022/23 marketing year by 75 million bushels resulting in an …
Beef Agreement between U.S., Japan Officially Set for January 1, 2023
U.S. Trade Rep Katherine Tai and Japan’s Ambassador to the U.S. confirmed that amendments to the beef safeguard trigger level under the U.S.-Japan Trade Agreement will trigger on January 1, 2023. The letters confirmed both countries completed their procedures to put the protocol in place. “The new beef safeguard agreement will ensure that America’s farmers and ranchers can continue to …