Trade
After suspending live cattle imports from Mexico and a trip to the UK to talk trade, the secretary of agriculture looks ahead to domestic affairs and the anticipated May 22 MAHA report.
USDA Secretary Brooke Rollins is set to continue her aggressive international trade agenda.
NCBA applauds Secretary of Agriculture Brooke Rollins’ aggressive efforts to suspend Mexican cattle, horse and bison imports, saying Mexico’s corruption and mismanagement has caused the pest to spread closer to the U.S.
Due to the northward spread of New World Screwworm, a month-by-month suspension is effective immediately and will continue until a significant window of containment is achieved.
White House trade adviser Peter Navarro has emphasized the European Union is a top focus for the Trump administration’s ongoing tariff negotiations.
The deal decreases U.K.’s ethanol tariff from 19% to 0%, creates an opportunity for cattle ranchers to export millions more and opens a $100 million market with free access for rice farmers, says Brooke Rollins, Secretary of Agriculture.
“Let’s just put it this way, things are happening this spring we’ve never seen before,” says Josh Linville, vice president of fertilizer at StoneX.
U.S. ag products, including beef and ethanol, experienced a $5 billion victory today with the U.S.-UK trade deal.
Darin Newsom, Senior Market Analyst for Barchart, corn and wheat are anchoring each other lower with the market shifting its focus to larger supplies ahead and comfortable available stocks.
While 56% of farmers say they believe the ongoing trade disputes with China and other countries will hurt them financially this year, 70% say they believe the U.S. and agriculture specifically will benefit in the long-term.