The US Department of Agriculture (USDA) released the monthly World Agriculture Supply and Demand Estimates report projecting US beef, pork, poultry and turkey production to increase across the board in 2011, while also projecting higher prices for livestock and meat products.
US Department of Agriculture attaches in Buenos Aires have warned against upbeat forecasts for Argentina's soybean harvest, saying many farms missed out on crop-reviving rainfall.
Soybeans futures settled at their highest in more than two years on Tuesday after the Agriculture Department, USDA, slashed its forecast for the United States soybean production to 3.375 billion bushels from 3.408 billion bushels the previous month.
Uruguay’s beef exports may rise by 2.6% next year as demand recovers from the global recession, according to a unit of the U.S. Department of Agriculture.
US Department of Agriculture (USDA) has cut its forecast for global wheat production in 2010-11, but by less than expected. USDA now predicts total output of 643 million tonnes for the current agricultural year, down from its August forecast of 645.7 million.