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Shining Light on Farm & Food Policy for 20 Years.
Friday, April 19, 2024
New figures from the U.S. Meat Export Federation show July beef exports topped $1 billion for the sixth time in 2022 en route to the fifth-largest month on record for volume, continuing the trend of solid export figures throughout the year.
The 2022-23 soybean marketing year starts officially on Thursday, and signs indicate exports will get off to a strong start. USDA data shows China is buying heavily, but marketing and education efforts by U.S. farm groups are paying off as demand is also growing in places like Egypt.
Supporters of Proposition 12 say states could lose the ability to regulate sales of products based on climate impacts and other concerns, if the Supreme Court strikes down the California law that prescribes sow-housing standards for pork sold in the state.
U.S. meat and dairy exporters have a lot to gain if Taiwan were to remove barriers to their products. That’s why groups representing both sectors are lauding a U.S. announcement that the two countries have reached an agreement on a broad set of goals for a trade pact that they’re planning to begin negotiations on this fall.
Grocery prices jumped another 1.3% in July, led by continued increases for dairy products, baked goods and other items, and are up 13.1% over the past year, the largest increase in supermarket costs in more than 43 years.
The National Pork Producers Council and American Farm Bureau Federation got a boost in their Supreme Court challenge to California’s animal housing law, Proposition 12, with the U.S. government’s filing of a brief supporting the groups.
The Philippines, citing the impact of the Russian invasion of Ukraine on world grain supplies and prices, has reduced its tariff on corn imports from 35% down to 5% and that has opened new opportunities for U.S. corn farmers.
The Supreme Court will review the constitutionality of California’s Proposition 12, an animal housing law that requires pork sold in the state come from sows afforded a minimum amount of space.
Not even the collapse in demand from China could stop the U.S. pork industry from having a good year for exports in 2021 and strong shipments are expected to carry the industry through another banner year in 2022.
