Florida Citrus Numbers and Beef-Pork Exports Down Slightly
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**In its March forecast, the USDA projected a minor decrease in production of Florida Oranges and kept Florida Grapefruit steady for the 2020-21 season.
Last week, the USDA’s National Agricultural Statistics
Service report predicted a less than 1% decrease in Florida Orange production from 56 million boxes to 55.5 million boxes.
Florida Grapefruit production remained at 4.6 million boxes. Production of specialty citrus held steady at 1.05 million boxes.
www.morningagclips.com/minimal-change-for-fla-production-in-usdas-march-citrus-forecast/
**February's Ag Economy Barometer reading of 165 changed little from January, down 2 points.
And, according to www.agrimarketing.com, producers continue reporting strong current farm conditions as February's Current Conditions Index value of 200 is near its all-time high.
But, continuing a trend from last fall, the Index of Future Expectations drifted lower at 148, 3 points below January.
February marked the third time in the last 4 months that Future Expectations declined, leaving it 20% below October’s peak.
www.agrimarketing.com/s/135170
**U.S. beef and pork exports opened 2021 below the large volumes posted a year ago, according to USDA’s January data compiled by the U.S. Meat Export Federation.
USMEF President Dan Halstrom says that January BEEF exports were very strong to South Korea and continued to gain momentum in China.
And, while PORK exports to China declined as expected, shipments increased to a range of markets including Japan, Central America and the Philippines.
