Strong dollar, lower Chinese demand impact ag outlook

Strong dollar, lower Chinese demand impact ag outlook

Livestock production to reach record levels as prices dip but exports are projected higher.

Last year, the outlook for the agricultural sector was driven more by factors such as transportation issues, energy price declines and drought in the West.

While energy prices and drought remain important components of the outlook this year, the overall picture for agriculture in the U.S. is being driven more by lower global economic growth and currency valuations, Robert Johansson, U.S. Department of Agriculture chief economist, told the USDA Agricultural Outlook Forum on Thursday

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