New numbers show some of our largest export destinations are in the middle of a population decline.
Data from USDA shows major trade partners, like Japan, are on the list. There, population growth has been at zero, with a decline since 2009. Between 1990 and 2003, Japan was the top ag export destination by volume.
China is also in the same situation as they are expected to have negative population growth in less than 10 years.
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Current estimates are already hovering around 80 weeks.
StoneX analyst Josh Linville says global supply risks and continued dependence on imported urea are keeping fertilizer markets on edge.
The lockout has not yet signaled a major disruption in the cattle market, but processing reliability remains important in a tight beef supply chain.
American Farm Bureau economist Bernt Nelson says consumers are still buying meat despite ongoing price pressures.
Analysts say drought, tight cattle supplies and summer grilling demand continue shaping the protein market outlook.
Soybeans accounted for nearly half of the $15 billion in losses on U.S. ag exports to China due to tariffs, according to researchers at North Dakota State University.
