The Department of Agriculture released updated trade projections for the remainder of fiscal year 2022 and the first projections for fiscal year 2023. The outlook follows the federal fiscal year, which begins on October 1 and ends on September 30. Agriculture exports for 2023 are projected at $193.5 billion, with imports at $197 billion. The export forecast is $2.5 billion …
USDA Updates Forecast for U.S. Agriculture Exports
Tuesday, the U.S. Department of Agriculture (USDA) released their updated agriculture exports projections for fiscal year 2023. The new projection is $193.5 billion, with imports at $197 billion. USDA Chief Economist Seth Meyer says that forecast is $2.5 billion below the revised 2022 forecast. For the rest of 2022, the export estimate of $196.0 billion represents an increase of $5.0 billion from May’s projection. …
Ukrainian Grain Shipments Helping Global Supplies
An agreement to allow grain shipments from Ukraine is helping increase global supplies of wheat and corn. Veronica Nigh, American Farm Bureau Federation Senior Economist, says several shipments are leaving Ukraine now. “Certainly, with the establishment of the export corridor, we’re starting to see a lot more ships leaving Ukraine than before. A total of 33 cargo ships have left …
Ukraine Shipping More Grain
Ukraine is shipping more grain under a U.N.-Turkey brokered deal in a hopeful sign for global food shortages. But experts caution that it may not be enough. State Department Spokesman Ned Price calls the latest grain exports from Ukraine “unambiguously a good thing”. “Ships are once again sailing from Ukraine’s Black Sea ports. At the latest count, more than 20 …
New Food Supply Threat from Lack of Rice
Is a new global food supply threat looming? That’s coming up on This Land of Ours. A lack of rice could be the next big strain on the global food supply. Bloomberg says the challenge may come from a lack of rain in parts of India, which is, by far, the biggest rice exporter in the world. The drier weather …
U.S., Mexico Dairy Sectors Recommit to Binational Cooperation
Leading dairy representatives from the United States and Mexico gathered at Dairy Farmers of America headquarters in Kansas City, Missouri this week to discuss strengthening cross-border cooperation on dairy issues. The National Milk Producers Federation (NMPF) and the U.S. Dairy Export Council (USDEC) served as the U.S. hosts and event organizers. NMPF notes that during the fifth annual meeting, the U.S. and Mexican dairy …
U.S., Mexico Dairy Sectors Recommit to Binational Cooperation
Leading dairy representatives from the United States and Mexico gathered at Dairy Farmers of America headquarters in Kansas City this week to discuss strengthening cross-border cooperation on dairy issues. The National Milk Producers Federation (NMPF) and the U.S. Dairy Export Council (USDEC) served as the U.S. hosts and event organizers. NMPF notes that during the fifth annual meeting, the U.S. and Mexican dairy industries …
Pork Exports Down First Half of 2022 but Show Signs of Improvement
U.S. pork exports for the first half of the year were down by 19% in volume and 18% in value over the same period of 2021, according to recently released data from the U.S. Department of Agriculture. From January through June, the U.S. pork industry shipped to foreign destinations almost 1.1 million metric tons (MT) of product valued at $3 …
Mexico Discussed at Peanut Pre-Harvest Meeting
At the recent Pre-Sheller’s Buying Point meeting, Mexico was discussed, and the market potential for Expansion. Tyron Spearman has more on this. Sponsored ContentFlorida Cattle Enhancement Board Funded Research Impactful for the Future of the Florida Cattle IndustryOctober 31, 2025Florida Cattle Enhancement Board Offers Unique Opportunity For Applied ResearchOctober 24, 2025Florida Cattle Enhancement Board Plays Major Role in Applied Beef …
NCBA on Importance of Trade Agreements
During the recent Cattle Industry Summer Business meeting, National Cattlemen’s Beef Association (NCBA) Senior Director of International Trade and Market Access, Kent Bacus, discussed NCBA’s efforts on the trade front. He notes the tight global supplies have created opportunities. And Bacus explains the importance of those trade agreements. Sponsored ContentFlorida Cattle Enhancement Board Funded Research Impactful for the Future of the Florida …