Articles tagged under: Seth Meyer
More Soybean Oil Going to the Biodiesel Market
Published October 13, 2023
Thursday’s USDA report indicated more soybean oil is going into biodiesel. USDA Chief Economist Seth Meyer credits the interest in renewable diesel fuel. "It will be interesting to see how this industry evolves between renewable diesel production and more traditional fame…More Soybeans and Wheat, Less Corn Acreage Forecast
Published February 25, 2022
USDA’s Prospective Plantings Report at the end of March will offer more insight into U.S. acreage. The USDA offered a sneak peek during the Ag Outlook Forum. "Eighty-eight million acres of soybeans, up a little from last year," said USDA…Input Costs Cut Into Net Farm Income
Published February 7, 2022
USDA is projecting 2022 net farm income at $113.7 billion, down 4.5 percent from last year. "A lot of the decline is due to the drop in government payments and higher production expenses," said Spiro Stefanou, administrator, USDA Economic Research…USDA Lowers Fiscal Year 2022 Ag Export Forecast
Published November 26, 2021
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…U.S. Acreage and China Demand Highlighted in Ag Outlook Forum
Published February 19, 2021
Exports, acreage and the farm income forecast dominated the opening session of USDA’s Ag Outlook Forum. USDA Chief Economist Seth Meyer anticipates China demand to remain strong in the next year. "Outstanding sales, what we have on the books for…Johansson to Depart USDA
Published December 15, 2020
After 16 years, Chief Economist Rob Johansson will be leaving USDA at the end of January. Johansson’s next job is with the American Sugar Alliance as associate director of economics and policy analysis. As a result, Seth Meyer will return…Acreage Report is Foundation for Thursday’s S/D Numbers
Published July 8, 2019
While the recent USDA acreage report was widely discounted, that data will be used to produce this week’s supply/demand report. "Absolutely, we will use the NASS information as the foundation for the decisions we make in the July WASDE," said…Meyer to Leave World Ag Outlook Board
Published June 21, 2019
World Agricultural Outlook Board Chair Seth Meyer is leaving his post effective July 13. Prior to becoming chair of the World Ag Outlook Board in 2014, Meyer worked in the USDA’s Office of the Chief Economist. Meyer will return to…U.S. Soybean Sale Attracts Other Business
Published August 8, 2018
Chinese tariffs on U.S. soybeans have shifted soybean trade patterns. USDA Ag Outlook Board Chair Seth Meyer says the soybean trade is in unfamiliar territory. "In the last decade, we've developed this six month marketing year which has been dominated by…