The USDA’s Economic Research Service (ERS) has released their Outlook for U.S. Agricultural Trade report for the fiscal year 2018. Agricultural exports are projected at $142.5 billion, up $3.0 billion from the February forecast, primarily due to expected increases in corn and cotton exports. Corn is forecast up $1.3 billion to $10.3 billion on both larger volumes and higher unit values, as weather-reduced crop prospects in South America improve U.S. export opportunities into the summer. Overall grain and feed exports are forecast at $31.2 billion, $1.5 billion higher than the February projection. Livestock, dairy, and poultry exports are raised by $100 million to $30.6 billion, as higher dairy exports more than offset reductions in variety meats and hides and skins; beef, pork, and poultry forecasts remain unchanged. U.S. agricultural imports in fiscal year 2018 are forecast at $121.5 billion, up $3.0 billion from the February forecast. Horticultural products and the livestock, dairy, and poultry category both have significant upward adjustments. Read more…
Recent Posts
Crime watch: Three Angus calves missing in McCulloch County
Texas & Southwestern Cattle Raisers Association Special Ranger Todd Jennings, District 26 in …
Continue Reading about Crime watch: Three Angus calves missing in McCulloch County
Application now open for TSCRA Leadership Development Foundation Working Grant Program
Entrepreneurs encouraged to apply for beef industry grant program through May 31 FORT WORTH (May …
Texas Environmental Stewardship Award Program accepting nominations
FORT WORTH, Texas (May 1, 2024) - Texas & Southwestern Cattle Raisers Association and Texas …
Continue Reading about Texas Environmental Stewardship Award Program accepting nominations