USDA Chief Economist Seth Meyer says the outlook for the U.S. ag economy is positive, but uncertainties remain.
“Supply chain disruptions have moderated but at some costs,” he says. “There are some costs embedded in the system between the animal producer and the meat wholesaler that remain, and they may remain for awhile as an offset to prevent further disruptions of the type we saw earlier in 2020.”
He says the prospects for crops and livestock are good…”based upon continued strong domestic demand and good exports,” he says.
