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Meat Processing Plant Shutters, Wheat Production Outlook, El Niño Predicted
Line on Agriculture
Tyson Foods' closure of a beef processing facility in Illinois, capable of handling 3,000 cattle daily, has disrupted the supply chain. The World Agricultural Outlook Board has reduced the EU's wheat production estimate by 1.8 million tons due to extreme summer heat, impacting the yield and bringing the forecast to 134.2 million tons, down 11 million tons from last year. A potential historic El Niño event in the U.S., which could alter winter weather patterns.
California Water Managers Collaborate and USDA Helps Specialty Crops
The Agribusiness Update
Some 150 water managers gather in Sacramento to collaborate on some of the state’s most challenging water issues, and USDA is starting a new effort to support Specialty Crop producers and increase competitiveness.
Thanksgiving Food Grown in Florida and USDA Helps Specialty Crops
The Agribusiness Update
When you’re giving thanks this Thanksgiving, consider that much of your food grew in the Sunshine State, say University of Florida experts, and USDA is starting a new effort to support Specialty Crop producers and increase competitiveness.
Spanish Olive Imports and Ukraine Grain-Oilseed Harvest Down
The Agribusiness Update
The U.S. will continue countervailing duties on Spanish ripe olive imports, and Ukraine grain and oilseed harvest set to fall.
Florida Orange Forecast Drops and Chapter 12 Farm Bankruptcy Filings Down
The Agribusiness Update
The USDA has lowered its estimate for Florida orange production, and Chapter 12 Farm Bankruptcy filings hit a 10-year low.
Net Farm Income Down and Farm Bill Growing on Hard-Line GOP
The Agribusiness Update
USDA predicts Net Farm Income will be down for fourth time in five years, and Farm Bill becoming more attractive to hard-line conservatives.