US Beef Exports Remain High and Energy Prices to Remain High
From the Ag Information Network, I’m Bob Larson with the Agribusiness Update.
**Rhonda Larson of East Grand Forks, Minnesota, started her term as Chair of the U.S. Wheat Associates Board of
Directors on June 8 at the group’s annual meeting here in the Pacific Northwest, in Bend.
Michael Peters of Oklahoma is the new Vice-Chair, and Darren Padget, of Grass Valley, Oregon, will serve for one year as the Past Chair.
USW is the market development organization for the U.S. wheat industry.
**The U.S. Meat Export Federation says U.S. beef exports maintained a remarkable pace in April, surpassing $1 billion for the third time in 2022.
Beef exports totaled just over 124,400 metric tons in April, 3% higher than last year and the fifth-largest on record.
Export VALUES soared 33% over last year to $1.05 billion, second only to the March total of $1.07 billion.
USMEF President Dan Halstrom say, global demand for U.S. beef continues to overcome challenges like inflation, logistics, and recent lockdowns in China.
**The U.S. Energy Information Administration forecasts a variety of U.S. energy prices will remain historically high through 2023.
The outlook includes oil, natural gas, coal, and electricity, as seen in EIA’s June 2022 Short-Term Outlook.
EIA Administrator Joe DeCarolis says, although we expect the current upward pressure on energy prices to lessen, high energy prices will likely remain prevalent this year and next."
