Farm & Land Expo in Birmingham and Reduced Pork Demand

Farm & Land Expo in Birmingham and Reduced Pork Demand

Bob Larson
Bob Larson
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.

**An all-state slate of speakers including innovative Alabama farmers, headlined the Farm & Land Expo in Birmingham back on August 4-7..

The Alabama Farmers Federation’s 50th annual summer conference focused on improving farmers’ bottom lines through an array of workshops and farm tours.

Federation President Jimmy Parnell says the event offered 650-plus attendees’ fresh perspectives, fellowship and a refreshing respite from daily stressors.

**Reduced domestic and international demand for pork is hitting Tyson Foods, one of the nation’s top pork producers.

The Arkansas-based meatpacker reports the company earned approximately $25 million from its pork business for the three months ending on July 3, about 63% lower than the same quarter in 2021.

The company reports that China, the biggest consumer of pork in the world, is buying less pork from the U.S., as are American stores.

**American shoppers struggling with inflation are looking at higher beef prices continuing in their local meat cases.

Because of high feed prices and severe drought, ranchers were forced to reduce their cattle herds.

Grain prices have dropped to their lowest levels since Russia invaded Ukraine, but Reuters says that might not mean lower food prices right away at the grocery store.

Corn futures have dropped by 26 percent since hitting a 10-year high in April.

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