Beef Prices to Keep Rising as Brazil Supply Shrinks

Beef prices are projected to continue increasing as U.S. beef production declines with no signs of a cattle herd rebuild. Additionally, cheap beef may soon become further out of reach. Brazil, one of the world’s few remaining sources of abundant cattle, is heading into a period of shrinking supplies that could push global prices higher.

FCC Foreign Drone Ban Could Impact US Farmers

The Federal Communications Commission last week blacklisted all new foreign-made drones and components over concerns the equipment poses ‘an unacceptable risk’ to national security. The timing of the ban hits as many farmers are financially struggling in part due to high production costs, making precise application of crop protection products and fertilizers especially important.

USDA Projects $37 Billion Ag Trade Deficit in FY26

The USDA is projecting that the ag trade deficit will shrink in FY2026 even more than previously anticipated. USDA expects the trade deficit to fall from $43.7 billion in FY2025 to $37 billion in FY2026, according to its quarterly trade forecast published Tuesday. In its previous report issued in August, USDA had projected a trade deficit of $41.5 billion this fiscal year.

Experts, Lawmakers Split on 2026 Farm Bill Likelihood

House Republicans are planning to revive farm bill negotiations in January after failing to garner enough political will to pass a new deal by the end of the year, as they’d initially hoped. But experts say it’s becoming less likely a new five-year farm bill will happen, and rather a piecemeal approach for passing the farm bill will become the new norm.

Lawmakers Eye More Farm Aid on Top of USDA Bridge Assistance

Agriculture leaders in the United States House of Representatives are looking to provide at least an additional $10 billion in farmer aid to supplement the recently announced Farmer Bridge Assistance Program. That additional aid would likely have to be driven by Congress, as a USDA undersecretary says it’s unlikely the agency will provide a second farmer aid package.

JBS Closing Beef Plant in California

JBS will permanently close a facility outside Los Angeles that prepares beef for sale at U.S. grocery stores, the world’s largest meat company said on Friday, as tight cattle supplies have raised costs for meatpackers. JBS will shut its Swift Beef Company facility in Riverside, California, on February 2, eliminating 374 jobs.

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