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Shining Light on Farm & Food Policy for 20 Years.
Saturday, January 18, 2025
A new report from the Agriculture Department’s Economic Research Service projects the nation’s pork producers could soon be sending more product overseas than their poultry counterparts.
Lawmakers, beef groups and state agriculture officials are urging the Agriculture Department to reverse its recent decision to lift a long-standing ban on beef imports from Paraguay, citing concerns about the accuracy of the agency’s analysis of foot and mouth disease risks posed by the country.
Grocery prices rose just 0.1% in December for the second month in a row and are up 1.3% year over year as food inflation continues to moderate, according to the latest Consumer Price Index.
The USDA’s Economic Research Service on Thursday lowered its forecast for U.S. agricultural exports in fiscal year 2024 to $169.5 billion. That’s down $2.5 billion from USDA’s previous forecast in August and down $9.2 billion from exports in FY 2023.
Tyson Foods pointed to measures it’s taking to increase efficiencies in a challenging meat market as it reported lower sales for fiscal 2023’s fourth quarter and projected flat sales in 2024.
The indictments of New Jersey Sen. Bob Menendez and Wael Hana are raising concern over an arrangement that gives control over millions of dollars in U.S. beef and poultry trade to one entity at the heart of the scandal.
One economist is optimistic that farmers will be able to weather the drop in annual net cash farm income that producers are expected to face next year as agricultural commodity revenues fall and production expenses rise.
A key scheme involved in the bribery case against Sen. Bob Menendez, D-N.J., angered the Agriculture Department but resulted in associates of the couple getting a lucrative monopoly on halal certification for U.S. beef exports to Egypt.
