Trade

South Korea is the largest value market for U.S. beef exports, and it's on pace to possibly reach $3 billion this year.  In an effort to combat rising prices, Korea  created a duty-free quota for American beef.  Erin Borror, Vice President for Economic Analysis at the U.S. Meat Export Fede...

Those looking to participate in the USDA's trade mission to east Africa have until Friday August 12th to get their applications submitted.  The mission to Kenya and Tanzania will take place October 31t through November 4th. "We realize the importance of Africa," said Foreign Agricultural Service Associate Administrator Clay Hamilton.  "A...

The USDA's current Ag export forecast for the current fiscal year, which comes to an end September 30th, calls for a record $191 billion of ag sales overseas. "Would be, if realized, an 11% over 202." So, are American producers going to hit that $191 billion mark...

The latest complete Ag trade numbers, which come from June, show the United States had a good export sales month.  USDA Economist Bart Kenner said export dollar value was very solid. "Agricultural exports for June '22, were $16.2 billion which was a 24% increase over June '21." ...

U.S. Wheat Associates promoted Catherine Miller to Director of Programs.  She joined USW in 2018 as the Programming and Planning Coordinator and shifted to Programs Coordinator in 2021. “Catherine has done a great job in managing many of USW’s domestic programs, and she excelled in helping USW transition to virtual programming when COVID-19 began,” said Erica Oakley, USW Vice President of Programs

President Biden’s pick to be the next Chief Ag Negotiator says, if confirmed, he’ll engage with China to step up its production of fertilizer ingredients as farm input costs here soar.  Doug McKalip speaking before the Senate Finance Committee Thursday said if confirmed, farm input inflation will be a top priority. “These are t...

According to Federal Reserve chairman Jerome Powell, the economy's too hot, inflation too high and so in response Wednesday, the committee raised the federal fund rate by 3/4 of a percentage point.  What do those higher rates mean for farmers and traders? ...

Red meat exports set volume and value records in the month of May.  Dan Halstrom, President and CEO of the U.S. Meat Export Federation said beef continues to put-up eye-popping numbers. “We exceeded $1 billion in value again, in the month of May to an all-time record high. Also reco...

Key industry groups say the Ocean Shipping Reform Act, recently signed into law by President Biden, hasn’t fixed West Coast shipping problems for U.S. dairy exports.  The National Milk Producers Federation and U.S. Dairy Export Council trade manager Tony Rice says the Act was supposed to end abuses by ocean carriers. “But u...

Plans are in place for President Joe Biden and Chinese President Xi Jinping to meet by the end of the month as tensions increase over trade commitments, tariffs, and Taiwan.  The two leaders last spoke on a call four months ago, and the new call would come as the administration considers cutting import duties on Chinese goods to help reduce inflation pressures on American consumers. Reute... Read