President Obama signed today free trade agreements with South Korea, Colombia, and Panama that could be worth billions to American exporters and create tens of thousands of jobs.

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Broiler companies are expected to reduce production in 2012 and the “magnitude of the decline will depend on a number of factors,” according to the “Livestock, Dairy, and Poultry Outlook” report issued this week by USDA’s Economic Research Service (ERS).

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The National Chicken Council, along with seven other trade associations, sent a letter to President Obama this week, expressing strong support for the nomination of Michael Scuse to serve as USDA undersecretary for farm and foreign agricultural services.

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With the ethanol tax credit scheduled to sunset on December 31, 2011, a new group has been organized to have Congress reverse its action on the subsidy for blending ethanol with gasoline.

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Chicken exports in August this year were 352,249 metric tons valued at $419.03 million compared with year earlier exports of 256,324 tons valued at $269.29 million, a 37.4-percent increase in quantity and a 55.6-percent increase in value.

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U.S. farmland prices are setting records and farmer incomes have been buoyed by biofuels and exports, despite the sputtering economy, easing the pain of the challenging summer weather that included drought, floods, and fires.

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USDA’s Agricultural Marketing Service (AMS) is releasing underpinning analytical data supporting its “Grain Transportation Report,” published weekly, which details prices, tonnage, and rates for rail, barge, truck and ocean transportation of grain.

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U.S. total broiler slaughter for the week ending October 15 is estimated by USDA/AMS’s Poultry Market News Service to be 150,071,000 broilers, a 10-percent decrease from the same week a year earlier.

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