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USMEF and Soy Transportation Coalition leaders were among those weighing in on the decision, which could have cost U.S. farmers and ranchers an estimated $1.4 billion a week.
As backlogs at U.S. ports and climbing shipping rates plague the supply chain, new data shows container shipping rates between the U.S and China are dropping by more than 50% in just a month.
The lean hogs market dipped substantially lower. However, what will the markets do in light of African Swine Fever and the trade war? AgDay Host Clinton Griffiths discusses more with Jim McCormick with AgMarket.Net.
Matt Johnson of the activist group Direct Action Everywhere was charged with trespassing in May.
IN-DEPTH MARKET ANALYSIS: Wednesday was a risk-off day in the agricultural commodity markets.
The commodity markets came under pressure to start the week as traders tried to shed risk over shipping concerns in China as COVID-19 concerns caused officials to shut down transportation amid a two-pronged lockdown.
UPDATE: WASHINGTON (AP) - Biden: US ban on Russian oil a ‘powerful blow’ to ‘Putin’s war,’ warns Americans ‘defending freedom is going to cost.’
UPDATE: 03/02 4:23 pm-EST-There are reports a missile struck a vessel flying under the flag of Bangladesh in Ukraine.
USDA’s January supply and demand report is calling for lower pork exports. The agency is cutting pork exports by 405 million pounds, AgDay’s Clinton Griffiths reports.
AFBF President Zippy Duvall told members this week he will continue to press for policy that progresses agriculture, citing AFBF’s work on changes to the White House’s “America the Beautiful” plan as an example.