Dairy Exports Set Value Records and American Egg Production Down in November
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**John Deere announced community investments totaling $55.5 million in 2022, a 30% increase over the prior year.
According to www.agrimarketing.com, this represents 1.4% of the company's average net income over the previous three years and exceeds Deere's commitment of investing at least 1% of these earnings every year in civic initiatives.
For nearly 75 years, the foundation has been a powerful source of philanthropy for nonprofit organizations serving Deere home communities and farm communities around the world.
www.agrimarketing.com/s/143611
**USDA’s Foreign Ag Service released its biannual report on America’s dairy exports.
The report found that U.S. dairy exports are setting records this year in terms of value.
The report covers January through October and says this increase was driven by strong prices for dairy products.
Overall values are up 25%, but USDA says the increase in export value didn’t necessarily coincide with an increase in export volume.
**American egg production totaled 8.87 billion in November, down 5% from the same time last year.
Production included 7.6 billion table eggs and 1.25 billion hatching eggs.
November egg production per 100 layers was 2,369 eggs, slightly lower than last November.
Total layers in the U.S. on December 1 totaled 374 million, 5% lower than last year.
