coronavirus

Recession fears dominated the headlines out of the World Economic Forum's meeting in Davos.  Those headlines continue to chip away at the optimism that stoked the market last week on prospects that fuel demand would increase in China.  The U.S...

Baby formula imports into the U.S. will be subject to tariffs again in 2023 as the exemptions implemented during a nationwide shortage are scheduled to expire.  The shortage began during supply chain issues brought on by COVID, and those issues began to get worse in February 2022.  During ...

The USDA’s Foreign Agricultural Service released a report titled U.S. Beef Exports to East Asia on a Record Pace.  Despite economic uncertainties brought on by COVID, continued global supply chain challenges, and a competitive global beef market, American exports to East Asia were outstanding in the first half of 2022 in terms of value and volume.   The re...

Consumers enjoyed a bit of relief at both the gas and diesel pump to wrap up 2022.  Fuel prices started to fall in some locations in early November, and continued through December, thanks to dropping oil prices, and economic uncertainty both in the U.S., but a...

The total value of U.S. exports has grown at an average annual rate of 6% since 2002, reaching a record high of $1.4 trillion in fiscal year 2021. Agriculture’s share of total U.S. exports has steadily increased between fiscal years 2002 and 2021. The ...

In today's Wine Minute, Katie Salisbury with the Washington Wine Commission talks about international efforts in a post-pandemic world.     If you have a story idea for the PNW Ag Network, call (509) 547-9791, or e-mail glenn.vaagen@townsqu...

Oil prices have inched a little higher in the past week, rebounding from the lowest prices we’ve seen in roughly a year.  A barrel of West Texas was up roughly $2 in Monday’s trade, hovering around $75.  And while that is higher week-over-week, Patrick DeHaan with GasBuddy noted that’s still one of the lowest prices we’ve seen in 2022.  DeHaan noted the recent swing higher in o...

A newly published report from Oregon State University shows producers are slowly recovering from the pandemic.  OSU Professor of Applied Economics Jeff Reimer said the last, nearly three years, were tough for Oregon food and beverage exporters who rely on the ability to build relationships overseas.   “...

West Texas Crude traded around $71 per barrel in last week’s trade, the lowest level we’ve seen in roughly a year.  Patrick DeHaan with GasBuddy said the economic uncertainty that has pushed oil prices lower for the past two-plus months continues to weigh on the minds of investors.  He said while there’...

Oregon senators Ron Wyden, Jeff Merkely as well as Washington’s Patty Murray and Maria Cantwell joined 10 others this week sending a letter to the USDA about the western Drought and conservation priorities.  The lawmakers are asking the agency to give parity to the urgent priorities of Western growers and communities through existing authorities, new funding, and collaboration across government.