Trade
The effects are already visible, with declining French barley exports to China and the U.S. struggling to sell corn for the new season.
On the heels of the recent debate, we’d like to know which presidential candidate, Democrat Kamala Harris or Republican Donald Trump, you believe will have a more positive impact on agriculture.
China’s soybean imports reached a record high in August 2024, reflecting significant growth in the country’s demand for the oilseed, but meat imports declined.
Agricultural imports are expected to reach a record $212 billion, up $8 billion from FY 2024. This increase is largely due to rising imports of horticultural products, sugar and tropical products.
USMEF, USDA and Columbian officials met recently to build a better understanding of the U.S. livestock industry and the red meat export market.
The classification would have boosted exports and reduced tariffs on goods from country that is rising supply chain alternative to China.
USMEF is working with USDA and Public Health Information System as well as industry partners to eliminate other barriers for U.S. meat shipments to Canada.
At this week’s Republican National Convention, the GOP confirmed their ticket for the 2024 presidential race while calling for unity in America following the assignation attempt on candidate Donald Trump. Meanwhile, there’s growing pressure among Democrats for President Joe Biden to step away from the race.
Meat Institute opposes proposed modifications to the Section 301 actions and calls for comprehensive trade agreements.
With 30 percent of U.S. pork going overseas, the export market story remains positive. The National Pork Board focuses on current markets, and on building growth in developing ones like Southeast Asia and Africa.
August pork export volume was down 1% from last year at 182,372 mt, while export value fell 3% to $494.1 million.
Mexico’s chief NAFTA negotiator and Canada’s top agricultural official say their countries remain committed to completing the North American Free Trade Agreement renegotiations.
April pork export volume was 230,049 metric tons (mt), up 13% from a year ago and topping the previous high set in November 2016.
The outlook for trade has darkened considerably in recent days; a gamble in the trade arena that holds substantial risk for American farmers.
The U.S. Meat Export Federation (USMEF) has prepared an initial assessment of the potential U.S. pork and beef industry losses that could result from Japan’s participation in these agreements.
After recent seminar with Mexican meat industry officials, USMEF says education of inspectors is key to keeping meat trade open with Mexico.
Animal health, the farm bill, free markets and Prop 12 were the hot topics during a conversation with Bryan Humphreys, CEO of the National Pork Producers Council on AgriTalk.
Strategies for promoting underutilized beef and pork cuts in the international market was the focus of discussions during the USMEF spring conference.
While Ohio pig farmers Phillip Hord and Jessica Campbell’s operations may look different, driving demand is where their paths intersect. By bringing a new flavor to the farm, the producers are also driving pork demand.
Dr. Vince Malanga shares insights on the U.S. economic outlook, and what areas demand the most attention.
AgriTalk has extended an invitation to all the 2024 presidential hopefuls to join Host Chip Flory and answer five standard questions about what they would focus on once in office.
While the U.S. and EU aim to make progress during an upcoming summit, reaching a final agreement is uncertain. This issue has significant implications for U.S./EU ties, climate goals, and geopolitics.
China’s Commerce minister expressed concerns over trade and tech restrictions to U.S. Senate Majority Leader this week. That’s as the U.S. Commerce Department added 42 more Chinese companies to the export blacklist.
As brent crude futures soar toward $100, it’s creating a new battle in the Federal Reserve’s effort to fight inflation. One money manager warns another rate hike is likely.
China’s GDP growth could possibly drop lower than the U.S. this year. In fact, fewer and fewer sectors are healthy, and only then by direct government intervention.
USDA on Thursday lowered expectations for both ag exports and imports in FY 2023. The export decline is linked to corn and wheat, while the import decline is correlated with easing prices.
“Mexico’s decree, which runs counter to scientific findings and is in direct violation of USMCA, is negatively impacting American corn growers,” said Tom Haag, NCGA president.
The July Ag Economists’ Monthly Monitor showed several key changes from June including a bigger cut to corn and soybean yields, a drop in corn and soybean prices and more bullish cattle and hog prices.
The leaders also drafted a proposed legislation earlier this month that promises treaty-like benefits for businesses seeking cross-border investment opportunities via the tax code.
This slump, deeper than May’s 7.5% drop, represents the largest decline since February 2020.