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22Jan

U.S. Pork Exports Reach New Heights in Korea

2018 was a record-breaking year for U.S. pork exports to South Korea. With November and December data still to be compiled, export volume (191,610 metric tons) and value ($538.4 million) have already shattered previous highs set in 2011. At that time Korea was battling a rash of foot-and-mouth disease outbreaks, leading to the culling of about one-third of its domestic swine herd and very tight pork supplies. The current environment is very different, as Korea’s pork production edged higher last year...

By Livestock
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18Jan

China Trade Update: U.S. Considering Lifting Tariffs?

According to the Wall Street Journal, U.S. Treasury Secretary Steven Mnuchin discussed lifting some, if not all tariffs on China. He may even offer a tariff rollback during the next round of trade discussions. Those talks are planned to begin January 30th with China's economic chief. The WSJ cited people familiar with internal talks. The Journal said the proposal has not yet been introduced to President Trump. Also, the report stated Mnuchin faced push-back from U.S. Trade Representative Robert...

By Dairy, Ethanol, Grains, Livestock
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16Jan

Perdue Reopening Several FSA Offices for Just 3 Days

U.S. Agriculture Secretary Sonny Perdue has announced many FSA offices across the country will open for three days. In a Tweet, he stated the offices will be open on 1/17 (Thursday), 1/18 (Friday) & 1/22 (Tuesday) to help farmers with existing loans and other limited services. He says USDA will bring back 2,500 employees to work at those FSA offices. The partial government shutdown continues with no end in sight. Congressional Democrats remain opposed to President Trump's demand for...

By Dairy, Grains, Livestock
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15Jan

House Votes To Re-Open USDA

The House voted late Thursday to reopen the U.S. Department of Agriculture. The bill passed 243-183, 10 of those votes were Republicans. The Republican-controlled Senate, however, has shown no signs of taking up any of the three funding bills passed by the House, meaning the partial government shutdown impacting nine cabinet departments will likely continue into its fourth week. USDA has been running a skeleton crew since the Friday following the Dec. 21 shutdown when their funding reserves ran out. Still, the...

By Grains
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10Jan

Trump Bailout Money Will Buy Pork Products from JBS

Brazilian-owned JBS, one of the largest meatpacking companies in the world, will sell 1.8 million pounds of pork products through President Donald Trump’s farm bailout program, according to USDA-Agricultural Marketing Service documents released Wednesday. U.S. taxpayers will buy about $5 million in pork products from JBS through the program, The Washington Post reports. USDA plans to spend up to $558,815,000 on pork purchases alone under the Food Purchase and Distribution Program to be distributed through the Food and Nutrition Service’s safety...

By Livestock
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