America’s farmers and ranchers got a special shoutout from the Oval Office this week. During a press conference announcing the trade deal with the United Kingdom, President Trump said the agreement will greatly benefit rural America.
“The deal includes billions of dollars of increased market access for American exports, especially in agriculture, dramatically increasing access for American beef, ethanol, and virtually all of the products produced by our great farmers, and our Secretary of Agriculture is here. Brooke, thank you very much. You’ll let the farmers know.”
Sec. Rollins explained that part of the deal includes a big win for beef producers with around $250 million in exports for products like beef. Tariff rates were adjusted as well. The UK dropped its rate, while the U.S. saw a jump to 10 percent. President Trump also said the UK would be removing non-tariff barriers as part of the agreement. Secretary Rollins will be in the UK early next week to talk with her British counterparts. For now, the cattle industry is calling this a win for U.S. ranchers.
The President’s trip to Asia this week follows a trade mission by the Iowa Soybean Association. Farmers say they were reminded that U.S. soybeans have an international reputation that can be easy to take for granted here at home.
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Export volumes remain positive year-to-date, but weaker soybean loadings and slowing wheat movement hint at early bottlenecks in global demand or river logistics. Farmers should watch basis levels and freight conditions as export competition heats up.
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Industry leaders representing more than 40 nations gathered to discuss the future of ethanol and other corn-based products.
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Imported lean beef continues to play a critical role in U.S. hamburger and ground-beef production, with any added volume from Argentina serving as a supplement — not a market overhaul.
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