We’re in a predictable period of a well-established supply and demand cycle. Yet there is a different potential crisis looming for the beef cattle industry.
What will the next decade hold for your farm? What factors should you use to weigh investments or crop planning? Here are five trends and data sets to ponder from USDA's latest Agricultural Baseline Projections.
USDA’s first official net farm income forecast shows an expected 16% drop in 2023 net farm income, largely due to a decline in commodity prices and government payments with higher expenses and costs at the farm level.
After years of liquidation, the U.S. cattle herd continues to contract. With drought still a driving force behind lower cattle numbers, market experts think cattle price could top previous price records set back in 2014.
Vilsack said USDA believes there are more options for farmers other than “get big or get out. There’s got to be a system in which the many and most have a fair shot.”
Speaker McCarthy agreed that the House wouldn’t lift the debt ceiling unless Congress slashes federal spending next fiscal year. Because of this, Bank of America is telling clients to expect a debt default this fall.
If the nation’s debt hits $31.4 trillion—it’s on track to do so by this Thurs.—the Treasury will need to take “extraordinary measures” to help pay the government's operations and ward off a historic default.
U.S. pork and beef export markets may have unique opportunties in 2023, capitalizing on the competetive opportunity for U.S. pork exports in key markets and diversifying the portfolio of U.S. beef products.
From the docks of Southern California and Europe to the parcel hubs in the Midwest and the store shelves in New York, signs are growing that the global supply chain crisis is over.
Shippers urged the U.S. railroad regulator to create more competition in the industry during hearings in which Union Pacific was called to explain a spike in service restrictions.
A recent USDA trade mission to Kenya determined that ecommerce in the area, post-COVID, has huge growth potential and signs of demand for U.S. red meat products.
According to Biden’s economic advisors, as many as 765,000 Americans — many union workers themselves — would have been put out of work in the first two weeks of shutdowns.
With trade opportunities and negotiations soon to begin, two key trade representative positions sit empty awaiting Senate approval for the nominations.
Pelosi said the House this week will “take up a bill adopting the tentative agreement—with no poison pills or changes to the negotiated terms—and send it to the Senate.” Some industry leaders feel it will pass.
China moved to close parks, malls and museums on Tues. as COVID-19 cases hit near-record levels. Lockdowns follow reports that, days before COP27, Xi sent policy and business advisers to New York to meet U.S. executives.
Congressmen who penned the Ocean Shipping Reform Act of 2022 are calling on the Federal Maritime Commission to mend the gap and provide "reasonable opportunities" for U.S. exporters to get their goods to foreign markets.
A recent policy decision, aiming to reduce the price of basic goods in Mexico, is two-fold. USMEF’s Erin Borror explains the potential impacts of the agreement.
“In the last 2,500 years, every Chinese government that has fallen, has fallen over food,” says Kuehl, Armada chief economist. “They need those import markets—be it from the U.S, Canada, Brazil or Australia."
Friday brought mixed news for the economy. So, is the U.S. officially in a recession? K-State economists say it's more important to watch changes in behaviors versus debating the definition of recession.
Global diesel and distillate fuel stocks have fallen to dangerous levels and the U.S. has been exporting a lot of diesel to Europe and Latin America, but now things are changing.
A labor strike along U.S. railroads is still a possibility after the third-largest railroad union rejected a tentative labor agreement this week. The agreement had the support of the White House.
A rail strike is looming despite the majority of unions reaching tentative agreement with the rail companies, but the unions not on board are essential to the operation of the nation’s rail system.
Farm-state lawmakers will eventually add billions to the aid package, but Sen. Chuck Grassley (R-IA) agrees it could take until a later omnibus spending measure to be approved.
Demand for U.S. pork and beef exports in Colombia soar in 2022 with pork ahead of last year’s record pace by 10% and beef up 55% in volume and 78% in value over 2021, USMEF reports.
USMEF hosts Latin American representatives at a seminar to experience and learn about U.S. meat production and further processed products available in retail supermarkets.
From a train derailment outside Hereford, Texas, to growing concerns about a possible labor strike in mid-September, rail delays have been a severe pain point for the grain users and shippers all year.
USDA raised its consumer food price forecast again, to 8.5% to 9.5% for 2022. The agency had initially predicted a 2% to 3% rise in prices. Eggs, fats and oils, and poultry prices are making the biggest gains.
The lawsuit claims the EPA failed to "fully assess" the affect increased corn for ethanol production will have on endangered species, including land conversion and increased fertilizer and pesticide use.
A potential stoppage on the nation's railways this fall is spurring concern, even after President Biden signed an executive order Sunday to keep U.S. rail traffic on track and the collective bargaining process going.
Triple digit heat blankets the Southwest this week, and forecasters expect the ridge of high pressure to park over the western Corn Belt next week. AccuWeather projects U.S. corn production could be severely impacted.
To bridge the gap between the U.S. and UK, a recent USDA trade mission focused on current barriers that challenge U.S. agricultural exports in the UK market.
Bottlenecks along U.S. railways are growing more severe. Not only are feed users on the West Coast on the brink of running out of grain, but there are also concerns the rail issues could grow worse during harvest.
Strong basis bids are sparking questions about the reality of corn supplies and issues in getting grain to areas of the country that need it. Analysts are watching USDA's Grain Stocks report this week for answers.
Last week, hot and dry weather fueled commodity markets. This week, the change in the weather forecast, as well as growing concerns about a recession, spurred market speculators to sell.
As consumers see increased prices at the store in many counties across the globe, decreasing import tariffs has helped make food more affordable and increase opportunities for exporting markets.