Optimism over exports lifts hog futures and cash pork prices.

The agency slightly lowered the forecast for soybean carryover.

Futures traded lower following the release of the agency’s report.

Meanwhile, US pork prices continue to fall with decreasing exports and a growing supply.

Pressure is growing for a trade agreement to be reached.

Both sides need a deal, but a quick fix isn’t likely, according to an economist.

Trade experts say end to tariffs is critical for USMCA approval.

Slow economic growth expected to follow recession.

Agency released its data during the Agricultural Outlook Forum.

Cites farm bill exclusion of SNAP work requirement.