In its outlook for U.S. agricultural trade report released last week, the U.S. Department of Agriculture (USDA) raised its forecast for livestock, poultry and dairy exports in 2015.
The USDA forecast livestock, poultry and dairy product exports at $33.7 billion, up $800 million. The larger forecast factored in higher meat prices and larger volumes of pork and broiler exports.
Agricultural exports in 2015 are forecast at $143.5 billion, down $9 billion from 2014, the USDA said. The forecast is down $1 billion from the August forecast as a result of lower prices for bulk commodities, the report noted.
Grain and feed exports are forecast at $29.9 billion, down $1.2...