Earlier this year, Germany faced a $1 billion loss in access to pork export markets after a single case of African Swine Fever (ASF) was detected in a wild boar. The population of feral swine in the United States, estimated between 4-9 million, also poses a threat to export security.
President-elect Joe Biden promised on the campaign trail to reverse the Trump administration’s policy of breaking ties with Cuba, and that has U.S. farm groups once again hoping their farmers will benefit with increased trade.
China has been ramping up its corn and soybean purchases in recent weeks, but USDA's latest trade data show Chinese imports through July this year are still below 2018 levels and are far from the pace needed to meet goals set in the “phase one” trade pact.
The value of both U.S. agricultural imports and exports fell in the month of May as meat suppliers saw their production capacity tested by COVID-19, according to data from USDA's Economic Research Service and the U.S. Department of Commerce.