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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, December 18, 2024
Supporters of Proposition 12 say states could lose the ability to regulate sales of products based on climate impacts and other concerns, if the Supreme Court strikes down the California law that prescribes sow-housing standards for pork sold in the state.
U.S. meat and dairy exporters have a lot to gain if Taiwan were to remove barriers to their products. That’s why groups representing both sectors are lauding a U.S. announcement that the two countries have reached an agreement on a broad set of goals for a trade pact that they’re planning to begin negotiations on this fall.
Grocery prices jumped another 1.3% in July, led by continued increases for dairy products, baked goods and other items, and are up 13.1% over the past year, the largest increase in supermarket costs in more than 43 years.
The National Pork Producers Council and American Farm Bureau Federation got a boost in their Supreme Court challenge to California’s animal housing law, Proposition 12, with the U.S. government’s filing of a brief supporting the groups.
The Philippines, citing the impact of the Russian invasion of Ukraine on world grain supplies and prices, has reduced its tariff on corn imports from 35% down to 5% and that has opened new opportunities for U.S. corn farmers.
The Supreme Court will review the constitutionality of California’s Proposition 12, an animal housing law that requires pork sold in the state come from sows afforded a minimum amount of space.
Not even the collapse in demand from China could stop the U.S. pork industry from having a good year for exports in 2021 and strong shipments are expected to carry the industry through another banner year in 2022.
The ag sector and lawmakers aren’t letting up pressure for another trade deal with China, especially since China’s purchase agreement ended Dec. 31, but the Biden administration still has its focus squarely on the “phase one” deal that was struck during the Trump administration.
Tyson Foods, one of the country’s largest meat companies, is reporting net earnings per share of $2.87 for the latest quarter, up 48% for the same period a year earlier.