Market Matters
Katie Micik DTN Markets Editor
Fri May 29, 2015 10:54 AM CDT

USDA's latest forecast for agricultural exports in fiscal 2015 shows a $12 billion year-over-year decline to $140.5 billion, which is the third highest on record but the lowest estimate since 2012.

Most of the decline comes from high-value products like the $1 billion horticultural, fruit and vegetable products. The forecast for livestock, poultry and dairy exports was lowered $500 million on increased global competition for dairy products and reduced poultry exports following the avian influenza outbreak.

The outlook for oilseed and grain and feed exports brightened. USDA's quarterly Outlook for U.S. Agricultural Trade said exports of oilseed and oilseed products ...

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