livestock marketing

Perdue Defends Brazilian Beef Import Decision

Dan Beef, Exports/Imports

Late last month, we told you the U.S. Department of Agriculture (USDA) had reopened the door for imports of raw beef from Brazil into the U.S. The USDA said the world’s largest beef exporter had taken the right steps to improve its food-safety inspection system, bringing it up to U.S. standards. And in a story from Stephanie Ho, Agriculture Secretary Sonny Perdue lays …

implementation

Brazil’s Implementation of Tariff Rate Quota for Wheat a Win for American Farmers

Dan Exports/Imports, Industry News Release, Trade, Wheat

(USDA) — U.S. Trade Representative Robert Lighthizer and U.S. Secretary of Agriculture Sonny Perdue welcome Brazil’s implementation of an annual duty-free tariff rate quota (TRQ) of 750,000 metric tons (MT) of wheat imports. For many years, Brazil failed to implement its obligation under the WTO to establish a TRQ for wheat. Brazil’s implementation of this TRQ fulfills a commitment made …

soybean

Brazil Soybean Supplies Running Low

Dan Industry News Release, Soybeans

Soybean crushers in Brazil are running low on soybeans as they face tougher competition from Chinese buyers over the remaining 2017-2018 season supplies. A Bloomberg report says crushers in Brazil worked with negative margins since the second half of September. The pace of processing has slowed since the soy rally has doubled premiums this year, putting a squeeze on domestic …

soybean

China Passing on U.S. Soybeans, Purchasing from Brazil

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

China soybean processors are purchasing record volumes of Brazilian soybeans and cutting purchases of U.S. soybeans. U.S. soybeans face steep tariffs in China thanks to the ongoing tit-for-tat trade war between the U.S. and China. A Singapore-based trader told Reuters that China is “willing to pay higher prices for Brazilian beans than what domestic crushers are paying.” Brazil’s typical soybean …

farm futures

Brazil to Plant Record Soy Crop for 2018/19

Dan Industry News Release, Soybeans

Farmers from Brazil are expected to plant another record soybean crop. This would be the 12th consecutive year that Brazil plants a record land area of soybeans, amid strong demand from Asia. Reuters reports that Brazil is likely to expand the area to a record 36.28 million hectares, the equivalent to 89.65 million acres, this season, which farmers will start …

epa

Brazilian Judge Suspends Glyphosate Use

Dan Environment, Industry News Release

A Brazilian judge has suspended the use of products containing glyphosate. The federal judge halted new registrations of products containing glyphosate and will suspend existing registrations while the Brazilian government reevaluates the toxicity of glyphosate products, according to Reuters. The decision, however, could face several appeals. Brazil’s public health agency, as well as the Agriculture Ministry, have announced plans to …

brazil

Brazil Trucker Strike Disrupting Ag Exports

Dan Exports/Imports, Field Crops, Industry News Release, Pork, Poultry

The Brazilian trucker strike has officially disrupted supply and exports of farm products from one of the biggest ag exporting countries in the world. A Reuters report says Brazil is the top exporter of soybeans, sugar, coffee, and chickens. The strike over high fuel prices has brought Latin America’s largest economy to a complete stop. Roads are empty and major …

truck drivers

Brazil Truck Drivers Quit Working Because of High Diesel Prices

Dan Economy, Energy, Industry News Release

Brazilian truck drivers were protesting high diesel prices for a fourth day this week on Thursday. The truckers don’t plan to quit with blockades until measures to reduce fuel taxes are enshrined in the official gazette. Protests have been crippling highways across the nation. Brazil’s lower house of Congress voted to reduce taxes on diesel. The Senate has yet to …

china phase one

U.S.-China Trade War a Win For Other Nations?

Dan Industry News Release, Trade

A Politico report says the real winners of a trade war with China could be some of America’s top global trade competitors. As the two countries push toward a trade deal, long-term trends could be stacked against American producers when it comes to Beijing’s consumption. China will likely keep pouring resources into other countries in an attempt to diversify its …

soybeans

Soybean Farmers Can’t Replace Chinese Business

Dan Exports/Imports, Industry News Release, Soybeans

U.S. soybean exports could drop as much as 65 percent if the back-and-forth trade rhetoric battle between the two largest economies causes China to slap on retaliatory tariffs. Politico says that number comes from a soon-to-be-published report out of Purdue University. Earlier this month, China said it will put a 25 percent tariff on U.S. soybeans if President Trump follows …