Agriculture eagerly awaits any details regarding increased purchases of U.S. ag products by China. President Trump over the weekend said following a discussion with China that the nation “will be buying massive amounts of product from us,” promising an “incredibly positive impact on farming.” Politico reports, however, there is no guarantee China will hold its end of the bargain, as …
Optimistic about Beef Trade
Trade issues for agriculture have been up and down over the past few months, but U.S. beef exports are doing very well here at the end of the year. National Cattlemen’s Beef Association (NCBA) Senior Vice President of Government Affairs, Colin Woodall, says they are optimistic. Optimistic about Beef Trade
U.S. Pork Losses from Trade Dispute with Mexico: $1.5 Billion
Losses Attributed to China Dispute Estimated at $1 Billion The National Pork Producers Council (NPPC) called for an end to a trade dispute that has cost U.S. pork producers an estimated $1.5 billion this year, according to Iowa State University Economist Dermot Hayes. “We are very pleased with the new trade agreement with Mexico and Canada, one that preserves zero-tariff …
Agreement Nearing to Allow Argentine Beef in U.S.
Argentina is closing in on an agreement to send exports of beef to the United States for the first time in nearly 20 years. Reuters reports the agreement, expected to be signed within days, would simultaneously open beef imports to both countries. Argentina’s International Trade Secretary says the deal would open a market for the U.S. cattle sector, although demand …
U.S. Turkey Exports Declining
U.S. turkey products are having a tough time in world export markets. Gary Crawford has the story. U.S. Turkey Exports Declining
NPPC Testifies In Support Of USMCA
Exports of U.S. pork and other American agricultural goods to Canada and Mexico are expected to grow under the new U.S.-Mexico-Canada Agreement (USMCA), the National Pork Producers Council (NPPC) testified at a hearing on the trade deal held by the International Trade Commission (ITC). The Trump administration recently concluded renegotiations with Canada and Mexico on a modernized North American Free …
Putnam Testifies Before U.S. International Trade Commission
Florida Commissioner of Agriculture Adam Putnam testified before the U.S. International Trade Commission in Washington, D.C. to voice concerns about the United States-Mexico-Canada Agreement’s potential negative economic impact on Florida’s produce industry. Excerpts from Commissioner Putnam’s remarks are below: “I’d like to address how the United States-Mexico-Canada Agreement could further impact vital US farm sectors in the absence of measures …
New Trade Patterns Makes Forecasting Exports Less Accurate
Comparing the pace of U.S. agricultural exports with last season’s pace may not be quite as reliable of a way to forecast exports like it was a year ago. Gary Crawford has the story. New Trade Patterns Making Export Forecasts Less Accurate
Beef Exports Remain Solid; Pork Exports Still Facing Headwinds
U.S. beef exports remained very strong in September while pork exports continued to be impacted by retaliatory duties in China and Mexico, According to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef exports cooled from the record results posted in August, but were still significantly higher year-over-year. September beef exports totaled 110,100 metric tons, …
Steel and Aluminum Tariffs Cancel Benefits of USMCA
Steel and aluminum tariffs by the U.S. will hurt agriculture more than NAFTA 2.0 will help. The updated North American Free Trade Agreement, known as the U.S.-Mexico-Canada Agreement (USMCA), would grow U.S. agricultural exports by $450 million a year, according to the Farm Foundation. However, the organization says the retaliatory tariffs in response to the tariffs that President Donald Trump …