U.S. beef producers can begin sending fresh and frozen beef to Australia starting today.
USDA confirmed the agreement last week. NCBA says it is a long time coming, noting U.S. beef producers have been locked out of the Australian market for 20 years. During the same time, officials say producers there have sent around $29 billion worth of beef onto U.S. shores.
However, down under, cattle groups say they are not worried. Executives at Cattle Australia say their domestic beef prices are lower than in the United States, largely because their herd is bigger.
Related Stories
Lewis Williamson with HTS Commodities joined us to provide analysis on the January WASDE report and expectations for grain markets going forward.
Strong pork demand and improving beef exports outside China support protein markets despite ongoing trade barriers.
Traders are keeping a close eye on China’s soybean purchases as markets track export sales, shipments, and progress toward the ‘magical’ 12 million ton target promised last year.
In a post to social media, Trump said Venezuela will buy American agriculture products and will use the money from oil sales to make it happen.
Dr. Rosslyn Biggs with the Oklahoma State University Center for Rural Veterinary Medicine shares insight into biosecurity, preparedness, and animal health concerns facing livestock producers as New World screwworm outbreaks continue in Mexico.
China continues to buy U.S. soybeans toward its 12 MMT commitment, as analysts cite data gaps, delivery timing questions, and muted market reaction.