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Shining Light on Farm & Food Policy for 20 Years.
Thursday, December 19, 2024
The USDA on Thursday reported sales of 686,000 metric tons of corn to Chinese buyers, with 371,000 tons of it for delivery in the 2019-20 marketing year and the rest — 315,000 tons — in 2020-21.
The Trump administration is expressing confidence that the worst of the meatpacking disruptions is behind us. At a meeting in the Oval Office on Wednesday, Agriculture Secretary Sonny Perdue predicted packing plants would be fully operational within 10 days. “I think we've turned the corner,” he said.
The U.S. exported record amounts of pork and posted very strong numbers for beef sales around the globe in March, despite the COVID-19 pandemic, according to new USDA data compiled by the U.S. Meat Export Federation.
U.S. soybean exports have been steadfastly weathering the severe impacts of COVID-19 around the world, but the pandemic is impacting foreign customers in waves and new threats continue to manifest as nations around the world work to keep their people fed.
USDA reports released Thursday show China has purchased another 1,400 metric tons of U.S. beef and 272,000 tons of U.S. soybeans, demonstrating importers are successfully getting exemptions to the country’s tariffs.
Expectations for U.S. beef exports to China this year are being tempered by the COVID-19 pandemic, but shipments have already begun and they’re expected to continue strong despite the spread of the virus.
Chinese importers purchased 1,500 metric tons of U.S. beef earlier this month, evidence that the “phase one” trade deal is already resulting in new export opportunities for the U.S., according to new data from USDA.
The world textile industry is being hit hard as retail stores shutter around the world amid the COVID-19 pandemic and the pain is being felt all the way to American cotton fields.
Demand for cotton around the world is spiraling downward during the coronavirus pandemic, causing the USDA to lower its forecast for global consumption by 6.4% - a whopping 7.6 million bales.
