Russia to Hit to U.S. Beef, Pork in Likely Response to U.S. Trade Bill Provision
announcement, the FSIS warned that it is likely would soon require documentation demonstrating that the product is free of ractopamine before issuing export certification for Russia. It also warned that Russia may reject U.S. pork shipments and delist producing establishments if ractopamine residues are detected. Another rule change which took effect this week means U.S. exporters can no longer supply Russia with natural pork casings supplied from third...
House Approves Bill on U.S.-Russia Trade Relations
U.S. Senate must still act. Source: National Milk Producers Federation, U.S. Dairy Export Council The National Milk Producers Federation (NMPF) and the U.S. Dairy Export Council (USDEC) praised the House of Representatives’ approval this week of H.R. 6156, which would establish permanent normal trade relations (PNTR) with Russia. NMPF and USDEC have actively supported approval of PNTR with Russia as part of work necessary to reopen that market to U.S....
Pro Farmer's Monday Morning Wake Up Call
News Ukraine will ban grain exports sparks speculation Russia will, too. Soybean and soybean meal futures are leading gains this morning, with corn and wheat also enjoying solid moves to the upside. After Ukraine announced it would ban grain exports starting Nov. 15, there has been speculation Russia will follow suit. Click here to here to learn what else is in play this week by listening to the "Monday Morning Wake Up Call." Pro Farmer's Monday Morning...
Russian Ag Ministry Lowers Production, Export Forecasts
(From Pro Farmer's "First Thing Today." ) Earlier this week, Russia's ag minister said there was no need to reduce the country's production or export forecasts despite adverse weather faced by crops this year. But an ag ministry update today puts grain output at 80 MMT to 85 MMT versus the ag minister's 85 MMT forecast and also cut the export outlook to 16 MMT from a range of 18 MMT to 20 MMT indicated by the ag minister earlier this week. Meanwhile,...
Dairy Organizations Applaud Senate Step Forward on U.S.-Russia Trade Relations
Bipartisan legislation would enable U.S. companies to expand exports to Russia when it joins the World Trade Organization this year. Bipartisan legislation would enable U.S. companies to expand exports to Russia when it joins the World Trade Organization this year. The National Milk Producers Federation (NMPF) and the U.S. Dairy Export Council (USDEC) applauded this week’s introduction of legislation to extend Permanent Normal Trade Relations (PNTR) to...
Jim Bower and Al Pell Discuss using the insurance method of puts and calls to make money in the market. And as U.S. agriculture heads for record export sales in 2011, Russia seeks to join the World Trade Organization. We'' tell you how it could impact American ag coming up. AgDay: 01/03/2011
Seedstock Sales Opportunities Expand Overseas
While the industry focuses on beef exports, Angus producer Bill Davis sees growing opportunities for selling breeding stock to countries like Russia. Seedstock Sales Opportunities Expand Overseas
Russia Extends Its Wheat-Export Ban
Russia extends it's wheat-export ban from December of this year to the end of the new year crop. Russia Extends Its Wheat-Export Ban The Wall Street Journal had a fairly extensive article in today's paper on the extension of the ban of wheat exports by Russia from December of this year until after next year's crop . However, as most traders and farmers know, you will believe what Russia says at your own risk. What we do know from the...
Russia Goes for World Dominance - in Wheat!
Russia is striving to become the number 1 wheat exporter Russia Goes for World Dominance - in Wheat! I had a post from about two weeks ago about the USDA predicting that Russia would become a larger exporter of wheat than the US by about 2019. Bloomberg Businessweek just wrote an article on how Russia is fighting for World Dominance - in Wheat!. The article recaps that Russia is able to sell their wheat to Egypt for about 7% cheaper than...
USDA Confirms Pork Trade Deal Reached With Russia
talks led to the development of a new veterinary certificate to ensure that pork exports from the United States meet specific Russian microbiological and tetracycline-group antibiotic residue requirements. Now, it's up to U.S. meat plants that want to export to Russia to apply for approval with USDA's Agricultural Marketing Service (AMS). AMS, in collaboration with the Food Safety and Inspection Service (FSIS), has developed an Export Verification (EV) program for...