Items Tagged with 'exports'

USDA announced a partnership with the Port of Houston to improve exports of U.S. agricultural goods along the gulf and eastern shores.

The USDA said Friday bumped up its forecast for U.S. soybean exports and dropped its prediction for ending stocks as Chinese demand remains strong and competition from Brazil is less than expected.

India on Saturday banned wheat exports in efforts to protect its domestic supply and that’s drawn the criticism of the U.S. and its fellow G7 member countries, says U.S. Agriculture Secretary Tom Vilsack.

The U.S. exported about $49.2 billion worth of ag commodities in the first quarter of 2022, a record for shipments in the first three months of a year and setting the pace for what could be an annual record, according to new data from USDA’s Foreign Agricultural Service.

A nationwide trucking shortage that began well before the 2020 COVID-19 pandemic has worsened and is not anticipated to improve anytime soon. According to the American Trucking Associations, the United States currently needs an additional 80,000 truckers to meet the demands of shippers.

The USDA announced Monday plans to help fund a new 25-acre container yard at the Port of Oakland to try help farmers get their rice, beef, pork, almonds, hay and other agricultural commodities into containers and on to ships.

The 2019 version of the Trump administration’s Market Facilitation Program overestimated trade damages and was marked by regional payment disparities among farmers growing the same crops, according to an investigation by the Government Accountability Office.

The port congestion and trucking shortage that have made it difficult – and in some cases just not possible to ship U.S. ag commodities overseas will likely continue throughout 2022, according to a new analysis from RaboResearch, a division of Rabobank.

American cattle and hog producers are sending meat overseas at a record rate in 2021 after strong third-quarter returns charted by the U.S. Meat Export Federation.