Ag Trends and Outlook

Mexico is set to outpace Japan to become the worldÍs biggest poultry importer by next year according to the USDA.

Prolonged drought in the Southern Plains is driving the cattle and meatpacking industries north and into the Midwest.

Malaysian palm oil stockpiles increased more than expected on an increase in production of 6.1% to 1.67 million tons.

Plywood was the most important agricultural export item from China in 2013 according to the U.S. Department of Agriculture.

Though marginal overall, the effect of RussiaÍs food ban on U.S. food imports could be more pronounced for poultry and nuts.

In retaliation for Western sanctions, Russia is banning all U.S. agricultural imports and all EU fruit and vegetable imports.

Dairy prices at GlobalDairyTrade fell by 8.4% in the latest auction bringing prices to their lowest since August 2012.

Chinese soybean imports may climb to 78 million tons for the year starting October 1 on lower prices and limited alternative feeds.

Investment in Australian infrastructure must come before investment in production in order for the country to meet global demand.

More South American growers may switch to soy than expected next season because of cornÍs loss of profitability.