House committees begin voting starting today on the first provisions in the massive $1.9 trillion coronavirus aid package President Joe Biden is pushing to pass. The House Agriculture Committee is scheduled to meet Wednesday to approve its portion of the package.
COVID-related shutdowns and slowdowns at meatpacking plants pushed beef exports for May below last year’s levels and pork exports to their lowest level since October, according to data collected by the United States Meat Export Federation (USMEF).
As the spread of COVID-19 in April slowed meat processing facilities and important Latin American trading partners lost purchasing power, U.S. beef exports fell below last year's totals and pork exports grew at a slower rate than in the first quarter.
Pork producers hope an Iowa State University analysis saying U.S. pork exports to China could reduce the overall trade deficit with the country by 6% percent will lead to an easing of tariffs between the two countries.