Last week the bipartisan Ocean Shipping Reform Act of 2022 was unanimously approved during a voice vote of the U.S. Senate. A version of the legislation was approved in the U.S. House of Representatives late last year. Final negotiations will take place before a final bill can be sent to President Joe Biden for a signature. “AFBF appreciates the unanimous vote in …
Beef Safeguard Changes Critical in Highly Competitive Japanese Market
Last week, the Office of the U.S. Trade Representative and the U.S. Department of Agriculture announced changes to the safeguard on Japan’s imports of U.S. beef. U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom notes how this will help keep U.S. beef on a level tariff playing field with its major competitors. Halstrom adds that competition in Japan will further intensify later this …
U.S., UK Reach New Section 232 Agreement
The U.S. and United Kingdom reached a new Section 232 agreement last week regarding steel and aluminum imports from the UK. That’s good news for America’s farmers because the 25 percent retaliatory tariff on U.S. corn was zeroed out, allowing U.S. corn farmers to renew their trading relationship with Britain. “This agreement will provide opportunities to expand free and fair …
Canada to Resume Exporting Potatoes into the U.S.
The USDA’s Animal and Plant Health Inspection Service (APHIS) says Canada will soon resume exporting table stock potatoes from Prince Edward Island into the contiguous United States. The Hagstrom Report says the National Potato Council is unhappy with the news and worried about potato wart disease spreading from the island into the U.S., where it currently doesn’t exist. An APHIS …
NCBA Welcomes Announcement on Japan-U.S. Trade Agreement
Thursday, U.S. Trade Representative Katherine Tai and Ag Secretary Tom Vilsack announced the U.S. and Japan had reached an agreement that will help keep more American beef flowing into Japan. And this is news that pleases the National Cattlemen’s Beef Association (NCBA). As part of the terms of the Japan–U.S. Trade Agreement, both countries entered consultations after the volume-based safeguard was triggered in …
Peanut Export Update
While there is still uncertainty in some areas for peanut exports, Tyron Spearman reports they are still moving. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
USDA Forecasts Higher Beef Production, Prices
Beef production is up, while production of other meat types is down. Stephanie Ho has a story explaining why. She also looks at how USDA, during its latest look at meat trade, raised the forecast for U.S. beef exports. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Argentina Peanut Shipments to Russia Affected by War
Due to the war in Ukraine, the peanut industry in Argentina is finding it difficult to deliver some of their crop to Russia. Tyron Spearman reports they are extremely worried since Russia and Ukraine buy approximately 170,000 tons each year, and now there is a great deal of uncertainty. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober …
Strong Momentum for U.S. Beef Exports; Pork Exports Trend Lower
Coming off a record-breaking performance in 2021, U.S. beef exports remained red-hot in January, according to data released by the U.S. Department of Agriculture and compiled by the U.S. Meat Export Federation (USMEF). Pork exports continued to trend lower in January despite another outstanding month for exports to leading market Mexico. Beef exports totaled 119,066 metric tons (mt), up 13% …
Impact of Red Meat Exports on Corn, Soy
U.S. red meat exports accounted for $2.94 billion worth of corn consumption or 536.7 million bushels last year. That’s according to analysis by The Juday Group and U.S. Meat Export Federation (USMEF) of preliminary estimates of 2021. On the soy side, pork exports accounted for nearly 100 million bushels of consumption worth $1.3 billion. During last week’s Commodity Classic in …