The Energy Information Administration says ethanol output dropped to its lowest level in seven weeks, and inventories also fell during the week ending November 24.
The nation’s ranchers slashed the U.S. cattle herd to its lowest level in decades. As a result, the U.S. is importing record amounts of beef this year and exporting much less.
Foreign investment in U.S. ag land is a big topic. Based on 2021 data, USDA shows over 40 million acres of American ag lands are owned by foreign investors, or 3.1% of all privately held ag land and 1.8% of all U.S. land.
USDA’s latest Milk Production report shows production in the 24 major states during September totaled 17.5 billion pounds, down slightly from September of 22.
The USDA says America’s all-wheat exports are projected to be 700 million bushels, the lowest since 1971-72. U.S. Trade Representative Katherine Tai announced the U.S. is establishing a dispute settlement panel under the U.S.-Mexico-Canada Agreement.
Chinese scientists say they’ve identified what appears to be a new strain of the African Swine Fever virus working its way through three counties in China.
A coalition of California lawmakers, in a letter to House leadership, have requested a disaster recovery package to aid California farms and ranches devastated by historic storms this year.