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Ranchers.net

USDA Lowers 2008 Beef Export Forecast Again

For the second month in a row, USDA lowered its 2008 U.S. beef export forecast based on slower exports so far this year.

In its monthly World Supply and Demand report, USDA lowered its beef export forecast for the year to 1.54 billion pounds compared with a month ago when it expected exports for the year to hit about 1.67 billion pounds. Two months ago USDA pegged 2008 beef exports at 1.71 billion pounds.

In 2007, the U.S. exported an estimated 1.43 billion pounds of beef.

U.S. officials continue to negotiate with Japan and South Korea to ease restrictions on U.S. beef, including holding back Congressional approval of the free-trade agreement with South Korea, pending changes in its beef import policies.

By Janie Gabbett on Wednesday, March 12, 2008 For Meatingplace.com.

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How could anyone argue that Creekstone was wrong????????? :roll:
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