beef

Beef and Pork Export Values Expected to Soften in 2019

Dan Beef, Exports/Imports, Industry News Release, Pork, Poultry

The tit-for-tat trade war with China means a lower forecast for the value of U.S. beef and pork exports next year. The Department of Agriculture’s Economic Research Service said in its latest quarterly Situation and Outlook Report released this week that forecasts total exports of beef, pork, dairy, poultry and other livestock products combined are expected to decline $300 million …

chinese

CoBank: Trade War Takes a Toll on Ag Economy

Taylor Hillman Industry News Release

Despite the strongest global economic growth the world has seen since 2011, the uncertainty surrounding trade disputes is causing escalating concern for U.S. agriculture. CoBank’s Knowledge Exchange Division says seventy percent of U.S. ag exports are heading to countries that are currently in negotiations or outright trade disputes. CoBank’s Rural Economic Review says the shift from trade war rhetoric to …

producers

U.S. Producers Worried about Retaliatory Tariffs from China

Dan Exports/Imports

China is threatening to impose stiff retaliatory tariffs on U.S. pork and soybeans, and that has U.S. producers worried. China’s wasted no time in coming up with a list of U.S. targets for retaliation for billions in U.S. tariffs on Chinese metals and IP-related goods. Politically-sensitive U.S. pork and soybeans, as feared, are on China’s retaliation list. U.S. Producers Worried …

package

Trade Tiff with China Serves as Negotiating Primer

Dan Exports/Imports, Industry News Release, Trade

A leading U.S. agricultural economist suggests that the trade issues with China serve as a vehicle for negotiations. Purdue University agricultural economist Chris Hurt says China may be simply signaling the U.S. that the nation wants to negotiate, just as the U.S. has seemed to signal to China in crafting the tariffs. That seems to be the case, too, according …

mckinney

EU, U.S., to Talk Tariff Exemption

Dan Exports/Imports, Industry News Release, Trade

The European Union and U.S. Commerce Secretary Wilbur Ross are meeting in Washington, D.C. this week to consider a potential tariff exemption. The EU is exploring an exemption from President Donald Trump’s steel and aluminum tariffs, according to Politico. The EU is seeking “more clarity” on the criteria on which such an exemption could be granted. U.S. Trade Representative Robert …

ice

Ice Blockage In Major Waterways Slowing Grain Shipments

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

The brutally cold arctic air that’s covered the U.S. at different times this winter has caused an unusually high buildup of ice in some of the nation’s waterways. Portions of the Mississippi, Illinois, and Ohio Rivers that are open year-round have become smaller, or closed entirely, due to ice buildup. Mike Steenhoek of the Soy Transportation Coalition says it’s impacting …

market

Pilot Program Gives Canada Beef and Pork Exports Expanded Access to China

Dan Beef, Industry News Release, Pork

A pilot program is allowing exporters of Canadian beef and pork expanded access to China. The bilateral pilot project announced Monday will expand access to China for Canadian chilled beef and pork, and commit China and Canada to “fully implementing” an agreement reached last year to expand market access for Canadian frozen bone-in beef, according to AgCanada. Canadian beef exports …

farmers

Farmers Need Trade to Move Record Corn Crop

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

It’s no secret that American farmers produced another record corn crop, which means overseas market access will be a big key to limiting losses due to depressed corn prices. The Illinois Corn Growers Association says this is what farmers pencil out on paper to demonstrate why market access is so important to corn farmer profitability. “It looks like our ‘what …

john deere

John Deere to Supply Tractors in Cuba

Dan Exports/Imports, Industry News Release

In an agreement signed last week, John Deere is expected to be the first direct sale of U.S. machinery to Cuba in more than half a century. An agreement signed at the Havana Fair last week between John Deere executives and Cuba calls for the shipment of “several hundred tractors and associated implements” over a four-year period. Farm Equipment Magazine …

nafta

Ag Exports Key to Trump NAFTA Deficit Strategy

Dan Exports/Imports, Industry News Release, Trade

Senate Agriculture Committee Chairman Pat Roberts says agricultural exports are key to achieving President Donald Trump’s plan for reducing the trade deficit with NAFTA members. The White House says more ag exports into Canada and Mexico through the North American Free Trade Agreement will help reduce the trade deficit, and Senator Roberts agrees. Roberts spoke with U.S. Trade Representative Robert …