United States: agricultural exports higher than previous estimates

According to the USDA Outlook for U.S. Agricultural Trade report, that Fiscal Year 2014 agricultural exports will reach $149.5 billion, an estimated $6.9 billion higher than previous estimates.

The export forecast for livestock, poultry, and dairy is raised by $600 million to a record $32.2 billion, with increases in dairy and beef more than offsetting declines in pork and poultry.

Pork and swine imports are also raised nearly $100 million from February, largely reflecting higher domestic prices as Porcine Epidemic Diarrhea (PED) limits supplies of hogs and results in lower U.S. pork production.