Trading Hay - Exchange Rates

Trading Hay - Exchange Rates

Hay exports from the U.S. to Japan have been exceptionally weak. Japan represents 29% of U.S. hay exports. Comparing January through August of 2023 to the same period a year earlier, exports are down 38% or 351,000 metric tons. 

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Hay Exports to South Korea - USDA Misses the Mark

Hay Exports to South Korea - USDA Misses the Mark

Hay Kings is calling on the USDA FAS to issue a report discussing factors affecting demand for U.S. hay in the largest export destinations: China, Japan, South Korea, Taiwan, Saudi Arabia and the UAE. Additionally, the USDA AMS should recognize that exchange rates are always important to agricultural exports, market structures are complex and the hay industry is based on long-standing interpersonal relationships.

 

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Feed Demand After COVID

Feed Demand After COVID

"There are concerns for livestock feed producers down the road." Dr. James Mintert

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