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Shining Light on Farm & Food Policy for 20 Years.
Monday, August 19, 2024
Exports of U.S. beef and pork both experienced a strong finish to the calendar year in December, besting 2019 figures and offering insights into consumer trends around the world and what is yet to come in the new year.
The U.S. exported $26.4 billion worth of agricultural goods to China in calendar year 2020, setting a new record, according to the latest USDA trade numbers that came out Friday.
The Renewable Fuels Association announced Friday that China imported about 13 million gallons of U.S. ethanol in December, raising hopes that imports from the Asian powerhouse will continue in 2021.
Tom Vilsack is trying to reassure farmers and their allies in Congress that the Biden administration’s drive to address climate change will provide significant economic benefits without jeopardizing demand for biofuels.
China is emptying out U.S. corn and soybean supplies, helping make the 2020-21 marketing year a success for American farmers. That’s ramping up the pressure on the Biden administration to work out a sustainable trading connection between the countries even as the political relationship remains fraught.
China made another massive purchase of U.S. corn Friday, pushing the total commitments by Chinese importers this week to about 5.5 million metric tons and sparking new optimism that U.S. exports could break a record for the 2020-21 marketing year.
Chinese buyers made another large purchase commitment for U.S. corn this week, snapping up 1.7 million metric tons for delivery in the 2020-21 marketing year, according to a daily export sale report released Thursday by the USDA.
U.S. beef exports to Japan have been very good in recent months — maybe too good. The Japanese have imported so much U.S. beef, it’s looking like they will hit a “safeguard trigger” designed to protect domestic producers with a tariff.