Articles tagged under: ag exports
U.S. Beef Exports Set Record High in 2021
Published January 2, 2022
U.S. beef export demand set a record high in 2021 with nearly 2 billion pounds exported. The key markets were South Korea, Japan, and China. The cattle byproduct value also surged and was driven by the export market. Strong exports…Quality Drives Beef Market
Published December 30, 2021
During the past six months, beef consumers have reinforced their preference for products at the top end of the market. Choice and prime wholesale prices have skyrocketed during the second half of 2021. The prime/select spread has averaged nearly $85…Cargo Pile-up Impacts Ag Exports
Published December 28, 2021
A cargo pile-up at West Coast ports has had a negative impact on California farm exports. Port congestion led to an estimated loss of $2.1 billion in foreign sales during a five-month period. California is the largest ag exporting state…Rural America Disadvantaged by Supply Chain Logjam
Published December 8, 2021
During a Commerce Committee hearing, Minnesota Senator Amy Klobuchar detailed the impact supply chain disruptions are having on agriculture. Klobuchar said Minnesota farmers have seen a 47 percent decline in exports since the pandemic began. At the same time, ocean…Record Ag Exports Anticipated
Published August 27, 2021
USDA is forecasting a record $177.5 billion in U.S. agricultural exports for the 2022 fiscal year. That would be up $4 billion from the latest estimate for 2021. The USDA’s Economic Research Service expects higher export values for soybeans, cotton…Export Outlook Improves
Published May 27, 2021
For fiscal year 2021, U.S. agricultural exports are projected to reach $164 billion. That’s up $7 billion from the February forecast. USDA credits increased exports for corn, soybeans, livestock, poultry and dairy products. Chinese demand for U.S. soybeans is projected…Reviewing Ongoing Shipping Delays
Published April 6, 2021
House Agriculture Committee members met with Federal Maritime Commission Chairman Dan Maffei on Tuesday to discuss the ongoing shipping delays impacting U.S. agriculture. The is a follow-up from a letter sent to the commission in mid-March addressing concerns certain vessel…