By Clint Thompson Records were made to be broken. It might have taken seven years, but the U.S. finally eclipsed its best exports mark in 2021. Veronica Nigh, economist with American Farm Bureau Federation (AFBF), discusses the value of $177 billion of exports of U.S. farm and food products had in 2021. “I think everyone was expecting it to be …
Records for Red Meat Exports Underscores Importance of Trade Agreements
U.S. red meat exports reached unprecedented levels in 2021. And according to a story from Joe Schuele, trade agreements played a major role in this success story. A detailed summary of the 2021 red meat export results is available from the USMEF website. 2021 Beef Exports Shatter Previous Records; Pork Export Value Also Reaches New High U.S. beef exports greatly exceeded previous …
Administration Considering New Tariffs on China over Phase One Deal
The Biden administration is looking at the possibility of new tariffs on China if they can’t persuade Beijing to live up to its failed commitments under the Phase One trade deal. Reuters says the administration is looking at other possibilities, including a closer working relationship with allies to present a united front against China. Myron Brilliant, the U.S. Chamber of …
New Records for Beef Exports, New High for Pork Export Values
According to year-end data released by USDA and compiled by the U.S. Meat Export Federation (USMEF), U.S. beef exports in 2021 exceeded previous volume and value records surpassing $10 billion for the first time. That same reports notes while pork exports finished slightly below the record volume reached in 2020, they did set a new value record topping $8 billion …
American Agricultural Exports Shattered Records in 2021
According to the final 2021 trade data published this morning by the U.S. Department of Commerce, exports of U.S. farm and food products to the world totaled $177 billion, topping the 2020 total by 18 percent and eclipsing the previous record set in 2014 by 14.6 percent. “These record-breaking trade numbers demonstrate that U.S. agriculture is incredibly resilient as it …
Record-Large Beef Exports Fuel Optimism
U.S. beef exports were near $10 billion in November, already shattering previous records, as we await the final numbers from December. Thus, international trade and the returns exports deliver for the U.S. industry were major topics of discussion during last week’s Cattle Industry Convention. Joe Schuele, with the U.S. Meat Export Federation (USMEF), has more details. Through November, beef exports …
Record U.S. Beef Export Numbers for 2021
Record export numbers were a hot topic during the Cattle Industry Convention and NCBA Trade Show this week in Houston, Texas. AgNet Media’s Sabrina Halvorson attended the event and has this report. The final export numbers are due out next Wednesday, February 9th. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in …
Foreign Agriculture Service Working to Break Down Trade Barriers
Foreign Agriculture Service has led USDA’s day-to-day efforts to break down trade barriers and generate export opportunities for U.S. agriculture for 2021. They have tried to get peanuts accepted back into the European Union. These efforts also resulted in market access for U.S. pork to India, poultry to Venezuela, and apples and pears going into Argentina, among others. Tyron Spearman …
U.S. Customs Seizes Prohibited Meat at the Mexican Border
Officials with U.S. Customs and Border Protection announced that their agriculture specialists seized prohibited meat products at the U.S.-Mexico border. Customs agents seized 243 pounds of prohibited pork bologna in two separate and unrelated incidents. Officials seized 55 pounds of pork products on January 13 and another 188 pounds of bologna on January 21. “Pork products have the potential to …
There’s a Lot Going on in the World of Agricultural Trade
In a story earlier this week, we told you that China wound up $16 billion short of achieving its obligations under the Phase One Trade Deal with the U.S. over the past two years. They missed the $40 billion a year goal by $13 billion in 2020 and by $3 billion in 2021. As Gary Crawford reports, the agricultural trade front …