According to new data released by USDA and compiled by the U.S. Meat Export Federation (USMEF), September exports of U.S. pork were down slightly from a year ago but did maintain a robust pace. On the other hand, beef exports continued to struggle compared to last year’s record totals but showed increasing strength in the Western Hemisphere markets. Pork exports totaled 221,140 metric …
USMEF Welcomes Additional Investments in Export Market Development
The U.S. Meat Export Federation (USMEF) was pleased with this week’s announcement that the U.S. Department of Agriculture will make funds available aimed at expanding opportunities for U.S. agricultural products in international markets. John Herath has more details.
Higher Interest Rates, Strong Dollar Affecting Rural Economies
CoBank says the combination of high interest rates and a strong U.S. dollar is beginning to take a disproportionate toll on rural industries like agriculture, forestry, and manufacturing. Most international transactions are still conducted in dollars, and a strong dollar makes U.S. exports more expensive and imports cheaper. CoBank’s Knowledge Exchange says that disproportionately hurts the backbone of the rural …
Economists Discuss Additional Revenue Streams in Agriculture
Top agricultural economists answer the question of what the upcoming possibilities for new revenue streams for farmers are. The question was posed during the recent Agri-Pulse Ag Outlook Forum. National Corn Growers Association (NCGA) Lead Economist, Krista Swanson said a new type of aviation fuel is one stream. “Our market development action team recently had a study done and as …
Record Value for Mexico Fuels August Pork Exports; Modest Rebound for Beef
According to new data released by the USDA and compiled by the U.S. Meat Export Federation (USMEF), August exports of U.S. pork were steady year-over-year. This was led by another tremendous performance in Mexico, as shipments totaled 226,519 metric tons (mt) in August, while export value fell 1.5% to just under $650 million. Exports to leading market Mexico remained on a record …
Trade Watching for New Numbers
A variety of new numbers are coming out Thursday. Mark Oppold notes traders will be watching some of those new reports.
American Peanut Council Promotes Peanuts in Japan
Efforts continue to see more exports of the U.S. peanut crop to Japan. Tyron Spearman has information about a recent promotion by the American Peanut Council.
USDA Restricts Poultry Imports from France, EU
The U.S. Department of Agriculture (USDA) recently placed restrictions on the importation of poultry from France and the European Union. The restrictions, enacted by USDA’s Animal and Plant Health Inspection Service, include live ducks, duck eggs, and unmitigated or untreated duck products from the APHIS-recognized European Poultry Trade Region, as well as Iceland, Switzerland, Liechtenstein, and Norway, but excluding Great …
Lower Export Forecast
The latest export for U.S. goods is a bit lower. But according to Tyron Spearman, exports for U.S. peanuts looks better.
Increase in U.S. Peanut Exports
The latest numbers indicate an increase in the export of U.S. peanuts. Tyron Spearman has more details.