Exports Projected to Reach New High in Fiscal Year 2022

The total value of agriculture exports may reach an all-time high in fiscal year 2022. ERS said higher shipments of major categories of commodities, including grains and feeds, oilseeds, and livestock, poultry, and dairy products, are primarily driving the increase. Total U.S. agricultural export values are projected to reach $177.5 billion in fiscal year 2022, […]

USDA Extends Deadline to Apply for Pandemic Assistance to Livestock Producers

The USDA is providing additional time for livestock and poultry producers to apply for the Pandemic Livestock Indemnity Program, or PLIP. Producers who suffered losses during the pandemic due to insufficient access to processing may now apply for assistance for those losses and the cost of depopulation and disposal of the animals through October 12th, […]

FSA Unveils Updates To CFAP 2

Last week, the USDA rolled out a few updates to the Department’s Coronavirus Food Assistance Program 2 for producers of poultry and hogs. “Contract growers, helping them realize an additional stream of income to assist them getting through those economic impacts of the pandemic,” said FSA Administrator Zach Ducheneaux. He noted that works for specialty […]

Food Prices Increase Again in July

Food prices rose again in July, according to the latest Consumer Price Index. The food index increased 0.7% in July as five of the major grocery store food group indexes rose, and the food away from home index increased 0.8%. The index for food at home also rose 0.7%, as the index for meats, poultry, […]

Cargill and Continental Grain Purchasing Sanderson Farms

Cargill and the Continental Grain Company Monday announced a joint-venture agreement to acquire Sanderson Farms, the third-largest poultry producer in the United States. The all-cash purchase totals $4.53 billion, or $203 per share, a 30.3% premium to Sanderson Farms’ share price of $155.74 on June 18th, 2021. Cargill and Continental Grain will combine Sanderson Farms […]

USDA Looking To Expand Meat/Poultry Processing Capacity

Following President Biden’s Executive Order, Ag Secretary Tom Vilsack announced significant investments to expand the nation’s meat and poultry processing capabilities. “At the Department of Agriculture we utilize $500 million dollars in the forms of grants, loans, loan guarantees and technical assistance, and planning assistance to assist those who are considering or thinking about developing […]

Poultry Supply Chain Slowing Down as Demand Rises

Chicken is in such high demand that U.S. restaurants and processing companies are having trouble keeping up. Supply challenges are hitting all sorts of chains that serve chicken, including bone-in chains, burger joints that sell chicken sandwiches, pizza chains selling wings, as well as traditional wing restaurants. The problem has led to higher chicken prices, […]

Peel: Strong Demand Fueling Higher Beef Cattle Prices

Strong demand is fueling higher beef cattle prices this spring, that according to livestock market economist Dr. Derrell Peel. Peel said demand for all the meats is strong right now, especially for beef. “If you look across all the meats, beef, pork and poultry prices are all at the wholesale level running very strong. So, […]

USDA: Exports To China Up Considerably

When looking back on the first five months of fiscal year 2021, Ag exports to China has increased considerably. “China’s purchases were $20.2 billion, up 182% from that same period in 2020.” USDA Economist, Bart Kenner, said China is buying more of practically every major US crop. So, for example, in dollar terms for the […]

Poultry Industry Facing a Tough Year in 2021

Like many sectors of agriculture in 2020, COVID-19 caused a big disruption to the poultry industry. Unfortunately, RaboResearch said the global poultry industry will face even more challenges in 2021, especially in the first half of the year. That according to new data in the RaboResearch 2021 Poultry Quarterly. COVID-19 will place continuing pressure on […]