The presence of a federally declared weather or environmental disaster increases the chance of reduced slaughter volumes and the size of the reduction, as well as the probability of plants shutting down.
US pork and beef exports contribute an estimated total economic impact of 14.6% per bushel to the value of corn and 13.9% per bushel to soybeans in 2023.
Representatives from 48 agribusiness and farm organizations and five state departments of agriculture join the U.S. Department of Agriculture trade mission to Seoul, South Korea.