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Balanced Reporting. Trusted Insights.
Friday, July 01, 2022
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.
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.
The California Department of Food and Agriculture cannot enforce the state’s animal housing law for pork products against certain parties until six months after it issues final regulations, a state court judge has ruled.
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.
India is ready to allow imports of U.S. pork, removing a long-running trade irritant between the two countries, U.S. Trade Representative Katherine Tai and U.S. Agriculture Secretary Tom Vilsack said Monday.