may

May Beef Exports Shatter Record While Pork Exports Go Lower

Dan Beef, Exports/Imports, Pork, Trade

U.S. beef exports set a new value record in May, while also significantly increasing year-over-year in volume. That’s according to new data released by the USDA and compiled by the U.S. Meat Export Federation. May pork exports were lower, although January-May totals for U.S. pork remained ahead of last year’s pace. Beef export volume was 117,871 metric tons in May, …

implement

China Quickly Retaliating Against U.S.

Dan Beef, Corn, Exports/Imports, Industry News Release, Soybeans, Trade

Following implementation day of President Trump’s tariffs on China, the nation responded quickly to retaliate with previously threatened penalties on U.S. pork, beef, soybeans and automobiles. Meat industry publication Meatingplace reports China says Trump has “violated World Trade Organization rules and launched the largest trade war in economic history to date.” The first wave of tariffs was imposed Friday, which …

tariff

China Tariff on U.S. Pork Now Tops 60 Percent

Dan Exports/Imports, Pork, Trade

China’s implementation of tariffs on U.S. products means U.S. pork faces a 62 percent tariff level. The National Pork Producers Council responded that U.S. pork farmers now face large financial losses and contraction because of escalating trade disputes, meaning “less income for pork producers and, ultimately, some of them going out of business.” China announced a new 25 percent tariff …

japan

Japan TPP Ratification Brings Concerns for U.S. Wheat

Dan Industry News Release, Trade, Wheat

U.S. wheat farmers are concerned with the recent move by Japan to ratify the updated Trans-Pacific Partnership last week. U.S. Wheat Associates says implementation of the Comprehensive and Progressive Trans-Pacific Partnership without the United States is “a time bomb” set to demolish more than 60 years of work to develop a “large and loyal market” for U.S. wheat in Japan. …

wto

No Details on Farmer Trade Damage Mitigation Plan until Labor Day

Josh McGill Trade

Here we are ready to celebrate the 4th of July holiday. But according to a story from Gary Crawford, it won’t be until the next major holiday that we get details of the government’s plan to partially compensate farmers for financial losses due to trade disruptions.

trump

U.S. Beef Faces New Challenge in China

Josh McGill Beef, Cattle, Trade

It has been just over one year since China reopened to U.S. beef after an absence of nearly 14 years. The U.S. beef industry has made progress in establishing a customer base in China, but is about to face a steep challenge – an additional 25 percent retaliatory tariff, which will raise China’s total import duty rate on U.S. beef …