Balanced Reporting. Trusted Insights. Wednesday, June 20, 2018

Politics

Mexico’s new pork quota goes to competitors, bypassing U.S.

Mexico’s new 350,000-metric-ton quota for tariff-free pork imports is full, and none of that meat will likely be provided by U.S. producers, according to officials at USDA’s Foreign Agricultural Service. The quota was briefly seen as a potential lifeline for U.S. pork exporters, who were hit last week by Mexico with a 10 percent tariff that increases to 20 percent on July 5.
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Senate Ag Committee releases draft farm bill text

The Senate Agriculture Committee’s draft farm bill would make additional improvements for dairy producers and the Agriculture Risk Coverage program while expanding the Conservation Reserve Program and renewing a research foundation and other popular programs that are slated to run out of money when the current farm bill expires.
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