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Shining Light on Farm & Food Policy for 20 Years.
Friday, December 20, 2024
The second part of a three-part series on the impact of agricultural exports on the U.S. economy and the risks and promise for ag trade going forward: U.S. ag exports to China are falling year after year following a spike driven by the Phase One agreement. Brazil, meanwhile, is ramping up its trading relationship with China.
An impasse in discussions over an expiring contract has dockworkers readying for a strike that could leave containers piling up at ports along the East and Gulf Coasts, force cargo ships to sit in harbors until it clears, and scramble routes for agricultural goods at a critical time of year for farmers.
The cost of groceries rose 0.1% for the second month in a row in July, led by increases in the cost of beef, eggs, milk and fresh produce. Consumers continue to see significantly more inflation when they're eating out.
U.S. pork industry players are voicing their frustrations with accessing the South African market as lawmakers works to renew a bill providing countries in sub-Saharan African with duty-free access to U.S. markets.
U.S. beef exports saw their highest export value since June 2023, reaching $900 million in May, while pork exports trailed in both volume and value compared to a year ago, according to the U.S. Meat Export Federation.
The cost of eating at home was unchanged for the second straight month in March as lower prices for dairy and grain products offset higher costs for beef, pork, chicken and eggs.
