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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, December 25, 2024
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.
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.
It’s been less than a month since the U.S.-Japan Trade Agreement kicked off on Jan. 1 and the outlook for U.S. beef and pork exports is already rosier.
For U.S. red meat exporters, it's been touch and go with their major markets for two to three years, yet their foreign sales keep growing robustly, and they hope to set records again in 2020.
Meat exporters’ scouts abroad describe plant-based meat substitutes as popular in spots, a curiosity or absent in others, and too pricey so far in most places.
Barbara Stinson has been tapped to serve as the new president of the World Food Prize Foundation and the Grocery Manufacturers Association added Roberta Wagner and Spencer Pederson to its regulatory and federal affairs team.
China’s latest promise to reduce tariffs on U.S. soybeans and pork is being lauded as an olive branch ahead of new trade talks early next month, but China also needs more of the commodities to feed its people, according to industry and government analysts.
The dollar-per-head assessment on cattle sold in the U.S. will fund more than $40 million worth of research and promotion projects in the beef checkoff’s next fiscal year.
