Virtual Trade Event

USDA Seeks U.S. Food Producers for Virtual Trade Event

Dan Agri-Business, Exports/Imports, Trade, USDA-FAS

The USDA Foreign Agricultural Service (FAS) is inviting qualified U.S. food producers to participate in the North American Neighbors 2024 Virtual Trade Event (VTE) on December 3-4, 2024. Companies with a minimum of $1 million in sales are eligible to apply. The event will focus on helping U.S. businesses explore export opportunities, particularly in Canada, which is the largest market …

longshoremens

Longshoremen’s Strike Over for Now

Dan Agri-Business, Exports/Imports, Labor and Immigration, U.S. Meat Export Federation (USMEF)

In a joint statement Thursday evening, the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX) announced there is an end, at least temporarily, to the work stoppage that shut down the East and Gulf Coast ports earlier this week.  U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom says the end of the strike is terrific news for U.S. …

dock worker

Dock Worker Strikes Threaten U.S. Meat Exports

Dan Economy, Exports/Imports, General, Labor and Immigration, Trade, U.S. Meat Export Federation (USMEF)

Dock worker strikes across the East and Gulf Coasts threaten to disrupt the U.S. meat and livestock industries significantly, according to Erin Borror, Vice President for Economic Analysis at the U.S. Meat Export Federation. The affected ports are critical, having facilitated nearly $3 billion in red meat exports during the first seven months of the year, averaging about $100 million …

Traders

Traders Digesting Crop Report

Dan Commodities, Economy, Exports/Imports, Trade

Traders are digesting a big report as trading is about to wrap up another week. Mark Oppold looks at what they have ahead of them. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024

hurricane

Tracking Francine and Crop Report

Dan Commodities, Energy, Exports/Imports, Trade, Weather

Agricultural and energy traders are busy tracking the remnants of Hurricane Francine and also waiting on today’s crop report. Mark Oppold has more details. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024

exports

U.S. Ag Exports Still Trailing Last Year

Dan Agri-Business, Exports/Imports, This Land of Ours, Trade

U.S. ag exports continue to trail behind last year’s numbers. That’s coming up on This Land of Ours. U.S. agricultural exports are still trailing last year. Gary Crawford reports. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024

Soybean Export Sales

Soybean Export Sales Drop Sharply, but Rebound Coming

Dan Economy, Exports/Imports, Field Crops, Soybeans

Global demand for U.S. soybeans has fallen sharply as international buyers remain discouraged by the strong dollar, slowing economic growth, and uncertainty over the direction of U.S. trade policy in an election year.  Export sales of new-crop soybeans are historically low as the 2024-2025 marketing year begins on September 1. A new report says tailwinds could emerge to rejuvenate demand …

longshoremens

USDA Forecasts an Increasing Trade Deficit in 2025

Dan Exports/Imports, Trade

The USDA forecasted the agricultural trade deficit to increase sharply to a record $42.5 billion in the coming fiscal year. That compares to $30.5 billion this fiscal year, which ends September 30. The widening trade gap, a source of frustration for many farmers and ag-state lawmakers, reflects an expected $8 billion increase in agricultural imports in fiscal year 2025 to …