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.
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.
In an increasingly global market where U.S. beef, pork and poultry producers can no longer thrive without access to foreign markets, the ag sector is clamoring for new advantages over foreign competitors, better access to foreign buyers and new free trade agreements.
New legislation from a bipartisan contingent of House members would create a contract library in the beef industry, something the sector has called for amidst a push to add transparency into opaque transactions.