Tariffs are a big part of President Trump’s agenda this term, and it will be something Ag Secretary Brooke Rollins will have to closely manage for agriculture.
Dairy specialists warn Mexico, Canada, and China are critical export markets for U.S. dairy.
To underscore the importance of those, about 40 percent of all of the dairy product exports by value goes to those three markets. So, those are vitally important for not just now and in the short term, but for our future growth opportunities,” said Chuck Nicholson.
Just last week, President Trump ordered government agencies to study reciprocal tariffs and non-tariff barriers to trade. Their reports are due on April 1st.
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Expect modest relief on several produce lines, mixed protein trends into holiday buying, and softer veg-oil costs — a good week to sharpen forward buys selectively.
According to Ag Secretary Brooke Rollins, the top three soy-crushing companies in Bangladesh agreed to buy $1 billion worth of U.S. soybeans over the next year.
A strong corn export pull is supportive of bids; soybeans need steady vessel programs or fresh sales to firm cash.
