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10-10-2012 08:51 AM
| USA
US farm exports expected to be down $1B because of drought
The nation’s top agricultural negotiator said Tuesday that he expects farm exports to be down between $1 billion and $2 billion this year because of the drought.
The tighter supply of grains, and the resulting higher price of feed, is driving up beef and poultry costs, though not to the point that international buyers are fleeing in droves, U.S. Chief Agricultural Negotiator Isi Siddiqui said.
The tighter supply of grains, and the resulting higher price of feed, is driving up beef and poultry costs, though not to the point that international buyers are fleeing in droves, U.S. Chief Agricultural Negotiator Isi Siddiqui said.
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