The strength, or weakness, of the U.S. dollar affects agricultural trade. As the U.S. dollar drops in value, export sales become easier, increasing our net meat exports, a University of Missouri economist said.
Released February 8, 2010
COLUMBIA, Mo. – “Tough times across the livestock sector can get better this year, but it will take demand, demand, demand,” said Scott Brown, economist with the Food and Agricultural Policy Research Institute (FAPRI).
“Supply is not the problem. We need a return of consumer confidence,” Brown told University of Missouri Extension livestock specialists at a meeting on campus. “When consumer confidence was chopped in half, we went into uncharted territory. There will be recovery when consumers are ready to spend, but it will require people getting jobs.”
--continued on University of Missouri Extension news
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