Secretary Sonny Perdue celebrates the reintroduction of U.S. pork into the Argentine market, with U.S. Ambassador to Argentina Edward Prado. U.S. Secretary of Agriculture Sonny Perdue celebrated the reintroduction of American pork products to the Argentine market after more than 20 years by slicing a ten pound honey baked ham. “The U.S. is the world’s third largest pork producer and …
China Tariff on U.S. Pork Now Tops 60 Percent
China’s implementation of tariffs on U.S. products means U.S. pork faces a 62 percent tariff level. The National Pork Producers Council responded that U.S. pork farmers now face large financial losses and contraction because of escalating trade disputes, meaning “less income for pork producers and, ultimately, some of them going out of business.” China announced a new 25 percent tariff …
China Tariff On U.S. Pork Now Tops 60 Percent
U.S. pork producers now face punitive tariffs of 62 percent on exports to China, a market that represented 17 percent of total U.S. exports by value in 2017. China announced a new 25 percent tariff in response to U.S. action under Section 301 of the Trade Act of 1974. That tariff is on top of the 25 percent punitive duty …
Meat Companies Accused of Artificially Inflating Pork Prices
A class action lawsuit is accusing Hormel, Tyson Foods, and other meatpacking companies of artificially raising the price of hot dogs, bacon, and other pork products with the help of a company called Agri Stats, an info-sharing service. A Bloomberg report says the complaint was filed by a group of meat buyers in a Minnesota court on Thursday. The complaint …
Agri View: Judging a Sausage Competition
Have you ever wondered what it would be like to attend, be in, or even judge, a food competition. In today’s Agri View, Everett Griner explores the world of a sausage competition. Judging a Sausage Competition I read about an event I would like to attend next year. I wouldn’t know where to go because the location was not revealed …
Canada Announces Pork Sector Investment
Amid global trade uncertainty and U.S. pork facing tariffs, Canada is investing to expand its swine sector. While the two moves are not directly related, Canada Agriculture and Agri-Food Minister Lawrence MacAulay just announced a federal investment of up to (Canadian) $12.7 million to Swine Innovation Porc, a non-profit corporation that facilitates research in the Canadian swine sector. The non-profit …
Defending Market Share of U.S. Pork in Mexico
In response to U.S. duties on imports of steel and aluminum, Mexico has imposed a 10 percent retaliatory duty on all chilled and frozen pork cuts imported from the U.S, as well as a 15 percent duty on sausages and a 20 percent duty on some prepared hams. With more on that story, here is U.S. Meat Export Federation’s Joe Schuele. Defending …
Mexico Turning to EU and Others to Replace U.S. Pork Imports
Mexico is turning to the European Union and Latin America to offset any potential declines in U.S. pork imports. Mexico recently announced a 20 percent tariff on U.S. pork shoulders and legs starting next month in response to steel and aluminum tariffs placed on Mexico by the Trump administration. Mexican officials told Politico the nation will allow 350,000 tons of …
Trade Retaliation Already Hurting Pork Producers
The National Pork Producers called for a swift resolution to the U.S.-China trade dispute because pork producers are feeling the pain. Iowa State University Economist Dermot Hayes says U.S. pork farmers have lost $2.2 billion on an annualized basis. The losses are a direct result of the events leading up to and following China’s 25 percent punitive tariffs in retaliation …
House Members Want Thailand Ban of U.S. Pork Ended
Members of the House of Representatives sent a letter to Taiwan’s Ambassador to the U.S. asking for the removal of import restrictions on American agricultural products, including pork. The bipartisan letter was signed by 44 House members and sponsored by Republican David Young of Iowa and Wisconsin Democrat Ron Kind. The letter calls for the U.S. to suspend trade benefits …