Commodity Groups Express Optimism After Weekend Announcements

The Administration announced a series of trade deals and frameworks with several Asian countries over the weekend.  The deals provide a host of opportunities for some of the largest commodities, including beef pork and corn.

Following the weekend announcement, U.S. Meat Export Federation President and CEO Dan Halstrom said issued the following statement: 

"USMEF greatly appreciates USTR’s tireless efforts to address both tariff and non-tariff barriers that have kept the U.S. as a minor supplier of red meat to the ASEAN region," Halstrom said.  "With the U.S. beef industry currently lacking access to China, improved access to Southeast Asia is desperately needed to provide competing bids for beef cuts that are popular in Asia, but not demanded by American consumers. Exports of short plate, chuck short rib, rib fingers, omasum and other such items are critical to maximizing the value of every animal and stimulating the U.S. herd rebuild."

Announcements Good News For Other Commodities

National Corn Growers Association President Jed Bower said this is good news for corn growers.

“Eliminating tariffs on ethanol exports to Malaysia and Cambodia will boost demand,” he said. “The announced frameworks with Thailand and Vietnam also hold promise.”

 “ASA is encouraged by Treasury Secretary Bessent’s comments on productive trade talks with China,” said American Soybean Association President Caleb Ragland. “Signs of purchase commitments are positive steps, and we look forward to learning more details about the possibilities later this week.” ASA hopes negotiators keep American soybeans at the center of the trade discussions."

Click Here to learn more about the trade deals announced by the Administration.

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