Study Shows Red Meat Exports Deliver Value to Corn, Soybean Producers

Dan Beef, Cattle, Corn, Exports/Imports, Field Crops, Livestock, Soybeans

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

Dan Exports/Imports, Peanuts

The latest report from the U.S. Department of Agriculture indicates U.S. peanut exports are down. Tyron Spearman runs through the latest numbers. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024

Inflation Prompts Some Trading Partners to Cut Tariffs on Red Meat

Dan Beef, Cattle, Economy, Exports/Imports, Livestock, Pork, Tariff

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

Dan Exports/Imports, Legislative, Regulation

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

Dan Beef, Cattle, Exports/Imports, Pork, Sheep-Goats

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

Dan Exports/Imports, Specialty Crops, USDA

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 …

Revised Beef Safeguard Mechanism under USJTA

Dan Beef, Cattle, Exports/Imports, Marketing

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. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril …