U.S. animal protein supply growth had been expected to slow in 2019. But, the impact of weather this year could mean growth in 2019 will match the 2.5% growth in supply seen in 2018, according to CoBank’s special report, Quarterly U.S. Rural Economic Review (Oct. 1).
According to a report from the Wall Street Journal, the U.S. and Japan have signed a trade-enhancement agreement set to lower tariffs on U.S. agricultural exports to Japan. Signed at the UN General Assembly, the agreement aims to relieve stress placed on U.S. farmers by both a lingering trade war with China and a frustrating growing season.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.