February Ag Trade Balance Tips In Favor of U.S.

Exports exceeded imports by $577 million in February 2005.

According to USDA's Economic Research Service's latest Agriculture Trade Update, agricultural exports exceeded imports by $577 million in February 2005.

The surplus is about half as much as the same time last year. Dairy and livestock prices continue to boost overall export figures, while lower grain values continue to decline.

The value of agricultural product imports was 5% lower than in January 2005.

In addition, total monthly agricultural export values for the first five months of the fiscal year (October-February) were at $27.4 billion, down from $28.8 billion in 2004. But import value is still up $2.3 billion so far this fiscal year compared with the first 5 months of fiscal 2004, ERS reports.

To view the full report, click HERE.

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