A new report from USDA shows higher numbers for U.S. peanut exports. But as Tyron Spearman explains, this information is from November of last year.
USDA Expects Exports to Fall In 2019
The Department of Agriculture is projecting a $1.9 billion drop in exports this year, led by a decline in trade with China. While talks remain ongoing between China and the United States, USDA during its 95th annual Agricultural Outlook Forum Thursday predicted 2019 fiscal year exports at $141.5 billion. USDA Chief Economist Robert Johansson told attendees China is expected to …
U.S., China to Continue Trade Talks This Week
The U.S. and China will continue talks this week that will hopefully lead to an end to the trade war between the two economic superpowers. A Reuters article says sources from both sides feel the recent negotiations kept things moving forward. The Trump Administration still seems committed to the March 1 deadline to reach a deal or raise tariffs on …
Record Pork Exports to South America
2018 was a record year for U.S. pork exports to South America, helped in part by strong increases in pork muscle cut shipments to Colombia and Peru. U.S. Meat Export Federation’s Joe Schuele has more details.
Beef Exports Remain High
While the November beef export report came out a month later than usual because of the government shutdown, it still showed good things for beef. U.S. beef exports continued on a record pace in November. However, pork exports trended lower year-over-year. Statistics from USDA and compiled by the U.S. Meat Export Federation show that beef exports totaled more than 112,000 …
Trade Promotion Funding
U.S. Secretary of Agriculture Sonny Perdue recently announced that the U.S. Department of Agriculture (USDA) awarded $200 million to 57 organizations through the Agricultural Trade Promotion Program (ATP). Tyron Spearman has the story.
Soybean Growers Want Resolution with 90-Day Negotiation Period Waning
Soybean growers urge Congress to press Administration to end tariffs Talks are good, purchases are good, but lifting the tariff that China imposed last July on soybean imports from the United States is the only way for U.S. soybean farmers to regain commercial access to the significant Chinese market. “It is heartening that the Administration is keeping soybeans in the …
U.S. Dairy Industry Supports Changes to Section 232 Process
The U.S. dairy industry endorsed bipartisan, bicameral legislation to reform a powerful White House trade tool to ensure it is used as intended by Congress to respond to genuine national security threats. Rolling back current retaliatory tariffs and keeping others from forming in the future is the dairy industry’s top trade priority. America currently sends 16 percent of its dairy …
Record Beef Exports Fuel Optimism
For thousands of producers attending the Cattle Industry Annual Convention in New Orleans last week, the record pace of U.S. beef exports was a major topic of discussion and great source of industry optimism. Joe Schuele with the U.S. Meat Export Federation has more details.
China Buys U.S. Soybeans Following Trade Meeting
China continues to purchase U.S. soybeans with a more than one million metric ton buy on Friday, and another 600,000 metric ton purchase reported Monday. Following a round of trade talks last week, China pledged to purchase another five million metric tons of U.S. soybeans. Friday’s purchases by state-owned firms were believed to be destined for China’s state reserves, and …