Record level red meat exports of $18.7 billion last year, had a major impact on the corn and soybean industries, according to an independent study by the Juday Group. The study quantified the returns that red meat exports brought to corn and soybean producers in 2021. Corn and soybean growers support the international promotion of U.S. pork, beef and lamb …
Peanut Exports Are Down
The latest report from the U.S. Department of Agriculture indicates U.S. peanut exports are down. Tyron Spearman runs through the latest numbers.
Inflation Prompts Some Trading Partners to Cut Tariffs on Red Meat
South Korea is the latest country to suspend import duties on pork and other food items in an effort to combat inflation. They join Mexico, the Philippines, Taiwan, Vietnam and Brazil in reducing or eliminating tariffs on certain food items to lower consumer prices. And while these tariff reductions sometimes benefit global competitors more than U.S. red meat, the overall …
U.S. House Passes Ocean Shipping Reform Act
Tuesday, the U.S. House of Representatives passed the Ocean Shipping Reform Act (S.3580), which basically streamlines the process for the importation and export of all goods. It’s designed to end the unreasonable practice of ocean carriers returning to foreign ports empty when they could be carrying U.S. exports, particularly those vessels capable of delivering agricultural products. U.S. Meat Export Federation (USMEF) …
April Beef, Lamb Exports Up, Pork Down
The latest red meat export report from the U.S. Department of Agriculture show beef exports maintained a remarkable pace in April, topping $1 billion for the third time this year. USMEF Meat Export Federation (USMEF) President and CEO, Dan Halstrom, offers insight into what continues to drive global demand for U.S. beef. Beef exports totaled 124,408 metric tons (mt) in …
Secretary Vilsack on Ukraine
Agriculture Secretary Tom Vilsack spoke with farm broadcasters recently, and on the topic of the war in Ukraine and its effects on agriculture, he discussed production losses. “My concern is that we calibrate the importance of production and profit. When I say that, I mean clearly the world is going to need more production in terms of being able to …
U.S. Beef Exports Top $1 Billion Again
According to new data from the U.S. Department of Agriculture and compiled by the U.S. Meat Export Federation (USMEF).U.S. beef exports maintained a remarkable pace in April, topping $1 billion for the third time this year. U.S. exports of beef totaled 124,408 metric tons (mt) in April, up 3% from a year ago and the fifth largest on record, while …
Revised Beef Safeguard Mechanism under USJTA
This past Friday, the U.S. and Japan signed an agreement that would revise the beef safeguard mechanism under the bi-lateral trade agreement between both countries. Rod Bain has a story explaining what this could potentially mean for U.S. beef exports to Japan.
NCBA Commends U.S.-Japan Beef Export Agreement
The National Cattlemen’s Beef Association (NCBA) lauded the signing of an agreement between the U.S. and Japan to increase the Beef Safeguard Trigger level under a trade agreement between the two countries. Kent Bacus, NCBA senior director of international trade and market access, says the agreement underscores the importance of a mutually-beneficial relationship between U.S. cattle producers and Japanese consumers. “We are …
NPPC Pushing for Market Access in Asia-Pacific Countries
Last week the Biden Administration launched the Indo-Pacific Economic Framework (IPEF). It’s a U.S.-led trade initiative that includes Australia, Brunei, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam. But, the National Pork Producers Council (NPPC) continues to push for better market access through the elimination of tariffs and non-tariff barriers in a number of the IPEF …