U.S. Reclaims #. 1 Chilled Beef Exporter Title
The Association of Equipment Manufacturers launched the Latin America Regional Ag Statistics Program, Thursday the first three products for the Brazil market: Monthly Marketing Reports on 2WD Tractors. Combines, and Sprayers. Association members that are participating in this South American statistics program include: AGCO, Claas Global, CNH Latin America, Deere, Krone, Kubota, LS Tractor, MacDon and Woods. AGrimarketing reports that today’s farm economy is more like 1970 than the 80’s. Because interest rates remain low and farm debt isn’t highly leveraged, today’s low commodity prices don’t mean the farm economy is headed toward a debt crisis like in the 1980s.
Finally from Beef online U.S. reclaims position as world’s no. 1 chilled beef exporter thanks to demand from Japan, South Korea and Taiwan, Chilled beef exports are considered an important driver of cutout value and industry profitability, as these products command a premium in overseas markets compared to frozen beef.