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 Sponsored ContentNuseed Carinata Covers New GroundJuly 15, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril …
USMEF Working to Put U.S. Meat on the Foreign Table
The U.S. Meat Export Federation (USMEF) continuously works to solidify customer relationships in various countries around the globe. Cevin Jones, Idaho Cattle feeder and USMEF Chair-elect, says they working to put U.S. meat on the foreign table. USMEF Working to Put U.S. Meat on the Foreign Table Sponsored ContentNuseed Carinata Covers New GroundJuly 15, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst …
China Wants to Stop Buying U.S. Soybeans
The biggest move by China against the U.S. in the tit-for-tat trade war could be a movement towards abandoning U.S. soybeans. China, facing a potential shortage following its 25 percent tariff on U.S. soybeans, is already purchasing from other suppliers and proposing to cut the amount of protein used in livestock feeds. CNN reports that one of China’s top feed …
Japan-EU Trade Deal to Increase Market Competition
A trade agreement between the European Union and Japan will increase competition for the United States. Japan’s conclusion of the trade agreement, and efforts to complete the Comprehensive and Progressive Trans-Pacific Partnership, will increase competition in Japan for U.S. oilseed and vegetable products, according to the Department of Agriculture Foreign Agricultural Service. The two agreements contain tariff concessions for a …
Trade News Has Pork Producers Feeling Optimistic
News on the trade front is getting better for U.S. pork producers as the Trump administration announced it wants to negotiate trade agreements with the European Union, Japan and the United Kingdom. The National Pork Producers Council commended the administration for its ambitious trade agenda. The administration recently updated agreements with Canada and Mexico and with South Korea that maintained …
China May Be Getting U.S. Soybeans Through the Backdoor
It’s possible that Chinese soybean buyers could still be getting American soybeans by purchasing their beans from Argentina. Export reports show that Argentina is buying soybeans from the U.S. and exporting its own production to China. However, a grain market expert says that’s not likely because a drought left Argentina grain stocks in short supply. “The issue is that Argentina …
Updated KORUS Protects Current Market Share
The new KORUS agreement offers a sigh of relief for U.S. beef and pork. The U.S. Meat Export Federation says the market access terms secured in the original KORUS not only helped increase U.S. red meat’s market share in South Korea, but also bolstered consumption by making U.S. beef and pork products more affordable and accessible to Korean consumers. Those …
Agriculture Trade Surplus to Shrink
Agriculture is consistently one of the few areas of the American economy that sells more overseas than it buys. However, Farm Journal’s Ag Web Dot Com says that’s going to drop in the upcoming year. The surplus is set to shrink as shipments to China collapse because of the trade war with the U.S. A government forecast says the world’s …
China Grain Imports Plunge Amidst Tariffs
Imports of grain to China plunged in July after rounds of heavy tariffs between the U.S. and China were enacted. Data reviewed by Reuters shows China imported 220,000 metric tons of sorghum in July, down 62.5 percent from 588,300 metric tons a year ago. The imports were also below June’s 450,000 metric tons, when buyers scooped up U.S. shipments of …
Farm Export Prices Post Large Declines
U.S. agriculture export prices fell 5.3 percent last month. Data released by the U.S. Department of Labor shows the decline is the largest drop in farm exports since 2011. The decline in July followed a one percent decrease in June, which followed a 1.6 percent increase in May. The department says a 14.1 percent drop in soybean prices was the …