U.S. pork exports posted very strong results in August, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF), but beef exports were below the record-large totals of August 2018. Joe Schuele has more details. August pork exports increased 22% from a year ago to 221,586 metric tons (mt), while export value climbed 19% to …
President Trump Signs U.S.-Japan Trade Agreement; Ag Groups Respond
American Farm Bureau Federation Farmers and Ranchers Celebrate Japanese Trade Deal, Look Forward to More (AFBF-Oct. 7, 2019) — President Trump signed the U.S.-Japan Trade Agreement, which is an important step forward with U.S. agriculture’s fourth-largest export market. The following may be attributed to American Farm Bureau Federation President Zippy Duvall: “Today’s signing marks the successful end to more than a …
U.S. Trade Deficit Narrow with China
(NAFB) — The United States’ trade deficit with China is as small as it’s been in recent months. U.S. exports hit a five-month high, which Bloomberg says is a possible sign of goodwill from China as the two nations continue to try and resolve their trade war. According to data released late last week by the Commerce Department, the trade …
NMPF on U.S. Response to Illegal EU Subsidies Under WTO
ARLINGTON, VA (NMPF-Oct. 3, 2019) — “Subsidies and barriers that handicap U.S. businesses in the global marketplace by violating international trade commitments shouldn’t be tolerated. We strongly support the World Trade Organization’s imposition of $7.5 billion in retaliatory duties on European products, including dairy foods, to prod the EU to uphold its World Trade Organization commitments and reinforce the importance …
McConnell Tells Democrats “Time to Act on USMCA”
(NAFB) — Much of Washington, D.C., is consumed with questions about Ukraine and the impeachment inquiry. However, Senate Majority Leader Mitch McConnell publicly scolded Democrats’ handling of the U.S.-Mexico-Canada Trade Agreement. Politico says McConnell wants House Democrats to pass the North American trade agreement, noting that “the time for excuses is over.” Speaking on the Senate floor, McConnell said Democrats …
China Buys U.S. Ag Products Ahead of Next Round of Talks
(NAFB) — Late last week, China said it’s already bought a considerable number of U.S. soybeans and pork as it prepares for the next round of trade talks with Washington, D.C. The Chinese Ministry of Commerce says both countries are in “close communication” ahead of the next round of talks. A ministry spokesman says as China has ramped up its …
Japanese Trade Deal Good for Beef and Pork Producers
The new U.S.-Japanese trade deal announced Wednesday addresses several agricultural and industrial tariffs. Deputy Agriculture Secretary Steve Censky told AgNet Media, that the agreement will have a significant impact on several commodities, most notably the beef and pork industries. Censky said the agreement will allow both the U.S. beef and pork industries to compete more fairly. Japanese officials have indicated …
Agriculture Groups Respond to Japan Trade Deal
Today (September 25, 2019), President Trump and Japanese Prime Minister Abe signed a trade agreement that many in agriculture had been asking for. Various agriculture commodity groups welcomed the news. Secretary Perdue Statement on Signing of US-Japan Trade Agreement Washington, D.C. (USDA-September 25, 2019) – U.S. Secretary of Agriculture Sonny Perdue issued the following statement regarding the signing of the …
Chinese Demand Pushing Meat Prices Higher
(NAFB) — China has recently been buying a lot of meat. The Wall Street Journal says their recent purchases are pushing up the prices of beef, pork, and poultry around the globe. Meat buyers are increasing their activity after African Swine Fever hit the country hard and reduced the size of the world’s largest pig herd by more than a …
More Optimism for Upcoming Talks Between the U.S. and China
(NAFB) — The Chinese Vice Premier, who’s leading China’s efforts in the trade talks with the United States, will be back in Washington next week. An Agri-Pulse report says he’ll be across the table from U.S. Trade Representative Robert Lighthizer. Earlier this week on the sidelines of the United Nation’s General Assembly in New York, U.S. Treasury Secretary Steven Mnuchin …