U.S. pet food has been identified as a high-potential agricultural export. Pet food exports have been increasing by an average 8 percent per year and probably higher if Covid’s impact on 2020 is excluded. There are several reasons for this dynamic:
Pet food is a rich world concept, and the U.S. had a head start on its product development. The U.S. is highly competitive on the inputs used in its production. Many countries have higher border measures impeding imports of the inputs but had no historical experience to impose barriers to the finished products.
Tree nuts are another example where U.S. exports benefit from relatively fewer import barriers due to dominance in both production and exports. ...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
