agricultural trade

This week: U.S. ag trade deficit revised to $212B amid rising import demand and falling exports, with lower projections for major crops. Despite this, horticulture exports rise.

The USDA's recent updates include the expansion of the grasslands Conservation Reserve, a pioneering bird flu vaccine trial, rising oxtail popularity, and a record agricultural trade deficit.

China remains the largest customer for U.S. agricultural products again in 2023, the shortage of eggs due to avian flu outbreaks has driven up the price to an average of $4.25 a dozen, and southwest Colorado sees it's biggest snow storm in about 10-12 years.

The Russian invasion of Ukraine is affecting commodity futures markets for both corn and wheat, and could affect fertilizer prices if an embargo goes into place. And a recent report points out the downside of confined feeding operations that can house hundreds of animals in small areas.

Farmers and farm commodity organizations are concerned that NAFTA negotiations aren't considering the importance that trade with Canada and Mexico has for…