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U.S. Cattle Inventory Low and Higher Beef Prices Okay
The Agribusiness Update
The U.S. cattle inventory is historically low, and that trend could take some time to turn around, and when retail prices reach record-high levels, the demand usually plummets quickly, unless that product is U.S. beef.
California Flood Aquifer Recharge and Ag Export Values Decline
The Agribusiness Update
California’s historically wet winter motivated greater adoption of a water management strategy known as flood-managed aquifer recharge, and ag export values in FY 2023 declined while imports narrowly increased.
American Peanuts to Japan and Ag Export Values Decline
The Agribusiness Update
The American Peanut Council led a trade delegation to Japan to meet with ag and trade officials, and ag export values in FY 2023 declined while imports narrowly increased.
Hilary Hits California Table Grapes and Farm Income Expected Down in 2024
The Agribusiness Update
California table grape growers suffer major crop losses after Tropical Storm Hilary slams vineyards, and U.S. farm income will decline modestly in 2024 and then run at historically high levels in the near term.
Corn Production Varies and Farm Income Expected Down in 2024
The Agribusiness Update
Corn production in Southern states expected to vary, and U.S. farm income will decline modestly in 2024 and then run at historically high levels in the near term.
US Beef Exports Remain High and Energy Prices to Remain High
The Agribusiness Update
U.S. beef exports maintained their remarkable pace in April, and U.S. energy prices expected to remain historically high through 2023.
EPA Helps Gulf Region Farmers and China to Raise Pork Tariffs
The Agribusiness Update
The EPA announces $12-million to help farmers in Gulf of Mexico watershed, and China set to raise pork import tariffs.
Improving Trade with Japan Pt 2
Fruit Grower Report
Entire Washington Congressional delegation, led by Newhouse and Cantwell, send letter to USTR Lighthizer about improving trade relationship with Japan for Washington apples.
Improving Trade with Japan Pt 1
Fruit Grower Report
Entire Washington Congressional delegation, led by Newhouse and Cantwell, send letter to USTR Lighthizer about improving trade relationship with Japan for Washington apples.