Alabama soybean farmers are optimistic in light of China’s Dec. 12 purchase of U.S. soybeans, the nation’s first substantial U.S. agricultural purchase following a trade truce struck earlier this month. China’s haul of over 1.5 million tons of soybeans is valued at more than $500 million. In 2017, China bought 60 percent of U.S. soybeans — worth $12.25 billion — …
Record U.S. Beef Exports; Pork Exports Slightly Lower
U.S. beef exports remained on a record-shattering value pace in October, according to data released by the U.S. Department of Agriculture and compiled by the U.S. Meat Export Federation (USMEF). October pork exports trended seasonally higher compared to recent months, but were still below the results posted in October 2017. October beef exports totaled 117,800 metric tons, up 6 percent …
Cattlemen Urge Action to Reduce Trade Barriers in Japan
National Cattlemen’s Beef Association (NCBA) President Kevin Kester urged the Trump Administration to move quickly to tear down trade barriers for U.S. beef in Japan. Speaking at a public hearing on the potential economic impact of a U.S.-Japan bilateral trade agreement, Kester noted that reducing tariff and non-tariff trade barriers would benefit Japanese consumers and U.S. cattle producers. Japan is the top …
Dairy Farmers Want Access to Japan
America’s dairy farmers are urging President Trump to work on opening up the Japanese market as soon as possible. Officials are getting ready to begin trade talks between the two countries next month. The National Milk Producers Federation was one of four groups that gave testimony at the U.S. International Trade Commission hearing on the potential trade pact. The Office …
U.S. Beef Gains New Market Access in Morocco
U.S. Trade Representative Robert Lighthizer and U.S. Secretary of Agriculture Sonny Perdue announced that the government of Morocco has agreed to allow imports of U.S. beef and beef products into Morocco. 2018 is the first year that U.S. beef and poultry exporters have access to Morocco’s market under the terms of the U.S.-Morocco Free Trade Agreement (FTA). Morocco opened its …
USDA Cuts Forecast for U.S. Ag Exports
In the last three months, prospects for U.S. agricultural product exports have declined considerably. And according to a story from Gary Crawford, that is reflected in the new USDA export forecast for Fiscal Year 2019. USDA Cuts Forecast for U.S. Ag Exports-1 Rob Johansson, USDA Chief Economist, has some of the key numbers in the USDA’s new forecast for fiscal …
Announced China Ag Purchases Lack Details
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 Sponsored ContentNuseed Carinata Covers New GroundAugust 29, 2024CIR Agriculture Harvester …
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 …