The value of agricultural products that China will purchase in the current fiscal year may not be as high as earlier predictions. USDA Chief Economist Seth Meyer says China’s needs are changing as their hog herd stabilizes. “The new fiscal year 2022 export forecast is for $175.5 billion worth of U.S. ag exports, $2 billion less than the previous estimate for this year, but if realized, still record large.” Read more.
