Eggs More Expensive and Beef Exports to East Asia on Record Pace

Eggs More Expensive and Beef Exports to East Asia on Record Pace

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

**It’s no surprise, but eggs are more expensive than they were a year ago.

Marketplace says the Bureau of Labor Statistics reports the price of a dozen Grade A eggs jumped from $1.82 in 2021 to almost $3.60 in 2022.

While some of that is due to the rising price of chicken feed, the real culprit is highly pathogenic avian influenza that’s infected more than 57 million hens since last spring.

**The USDA’s Foreign Agricultural Service says “U.S. Beef Exports to East Asia on a Record Pace.”

Despite uncertainties like COVID, continued global supply chain challenges, and a competitive global beef market, American exports to East Asia were outstanding in the first half of 2022 in terms of value and volume.

The report says, “During the first three quarters of 2022, U.S. beef exports to Korea, Japan, China/Hong Kong, and Taiwan, were a record $6.6 billion,” a a 22% increase.

**Following the EPA and the Army Corps of Engineers’ recent release of their final definition of “Waters of the U.S.” (WOTUS), the Chairman-elect of the House Ag Committee expressed his displeasure.

Pennsylvania Representative, Glenn “GT” Thompson says, since day one of the Biden Administration, America’s farmers, ranchers, and producers have fallen under constant attack … and now this egregious government land grab.

He says the timing is questionable given the Supreme Court is due to rule on a WOTUS regulation case in the coming months.

Previous ReportH-2A Numbers Climb and USDA Forecasts Ag Trade Deficit
Next ReportBaby Formula Tariffs in 2023 and Ethanol Production Margins Weaken