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Shining Light on Farm & Food Policy for 20 Years.
Sunday, April 28, 2024
The U.S. and Japan have reached a deal that would make it less likely that the Japanese safeguard trigger will boost tariffs on U.S. beef, as it has done in the past.
The price consumers paid for groceries jumped 1.4% in February, helping to drive an overall increase in the Consumer Price Index of 7.9% over the past 12 months, the largest in 40 years, the Bureau of Labor Statistics reported Thursday.
Recent attention to the country’s meatpacking plants has illustrated that when the four dominant companies face disruptions to processing, smaller, independent operations don’t have adequate capacity to pick up the slack.
The ag sector and lawmakers aren’t letting up pressure for another trade deal with China, especially since China’s purchase agreement ended Dec. 31, but the Biden administration still has its focus squarely on the “phase one” deal that was struck during the Trump administration.
Tyson Foods, one of the country’s largest meat companies, is reporting net earnings per share of $2.87 for the latest quarter, up 48% for the same period a year earlier.
Grocery prices rose again in December, but some easing in beef and pork prices helped keep the increase below what it had been in the previous three months, according to the latest Consumer Price Index.
The Biden administration spent much of 2021 assessing the trade landscape left by the Trump administration, but the U.S. ag sector is looking for a new agenda in 2022 as uncertainties, concerns and opportunities lie ahead.
The Biden administration is set to direct millions of dollars toward boosting the diversification of the nation’s meat processing capacity, but facilities planning on processing cattle could be timing their entry into the market at a difficult time.
The House of Representatives cleared a pair of bills critical to the livestock sector Wednesday, but the measures might face different fates in the Senate.
China is asking ag and food exporters to register with the country’s General Administration of Customs (GACC) to allow the government to centralize information on companies selling a wide range of products to Chinese buyers.