Meat production is expected to decline in 2023. Gary Crawford has more details in this story about the beef, pork and poultry production forecasts issued by USDA.
Thanksgiving Dinner Cost Up 20% per Farm Bureau Survey
(AFBF/WASHINGTON, November 16, 2022) — Spending time with family and friends at Thanksgiving remains important for many Americans and this year the cost of the meal is also top of mind. American Farm Bureau Federation’s (AFBF) 37th annual survey provides a snapshot of the average cost of this year’s classic Thanksgiving feast for 10, which is $64.05 or less than …
USMEF Conference Examines Exports, Production, Economic Headwinds
The U.S. Meat Export Federation (USMEF) held their Strategic Planning Conference this week in Oklahoma City. The event attracted farmers, ranchers, processors and exporters from across the nation. During the event, it was noted that while U.S. red meat exports will likely set a value record approaching $20 billion this year, the industry faces an array of obstacles related to the sluggish …
Markets Don’t Like Uncertainty
With crop reports coming out yesterday and Tuesday’s election results still up in the air for some states, there is a lot of uncertainty right now. And as Mark Oppold reports, the markets don’t like that.
September Pork Exports Continue Upward Trend; Pace Cools for Beef
New data released by USDA and compiled by the U.S. Meat Export Federation (USMEF) shows U.S. pork exports in September topped year-ago totals for the second consecutive month, while beef exports dipped below the $1 billion dollar mark but remain on a record pace. USMEF President and CEO Dan Halstrom notes continued strong export numbers amid mounting headwinds such as a strong U.S. dollar show the …
Funding to Increase Meat Processing Capacity Will Benefit Southeast
Secretary Tom Vilsack announced that the Biden-Harris Administration is investing $73 million in 21 grant projects through the first round of the Meat and Poultry Processing Expansion Program (MPPEP). The funding will expand meat and poultry processing capacity, which in turn increases competition, supports producer income, and strengthens the food supply chain to lower costs for working families and create jobs and economic …
Agriculture Commodity Makes Top Ten List in October
There was one agriculture commodity that saw a pretty good performance in October. Mark Oppold looks at what commodity that was, and how others fared.
Report Shows Rise in Plant-Based Meat Market, Some Health Concerns
A new report shows a rise in the plant-based meat market. That’s coming up on This Land of Ours. Allied Market Research published a report on the plant-based meat market that found the rise in the vegetarian population & flexitarian diet and the ability of plant-based meat products to imitate animal-based meat products drive the growth of the global plant-based meat market. …
Tracking Agricultural Commodities
Various agricultural commodities saw a good week last week. Mark Oppold has more information about a website that tracks which ones are doing well.
August Pork Exports Trend Higher, Beef Exports Again Top $1 Billion
U.S. beef exports once again topped the $1 billion in value. Data released by USDA and compiled by the U.S. Meat Export Federation (USMEF) show August was slightly above last August’s large volume, thus reaching this milestone in seven out of the eight months this year. August exports of U.S. pork topped year-ago totals for the first time in 2022. U.S. Meat …