Lumpy skin disease is really impacting the cattle industry in France. However, the country says that outbreak is now under control, even as angry farmers continue to protest across the country.
The disease is spread by insects, and can devastate herds and trade.
Farmers have blocked highways with tractors and dumped manure, opposing rules that require entire herds to be culled after an outbreak. France’s Ag Minister defended the policy to prevent massive losses, but says that there are currently no active cases. The country is expanding vaccination efforts.
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Rich Nelson, a commodity broker for Allendale Inc., joins us to break down what the U.S.-China trade agreement means for the ag economy.
The U.S.-China summit raises hopes for stronger exports and reduced barriers, but U.S. ag players should remain strategically cautious until concrete volumes and certifications materialize.
Global agriculture is stabilizing after years of price swings, with flat to modestly rising returns expected as productivity offsets slower demand growth.
Expect incremental near-term lift for feed grains, proteins, and ethanol as tariff cuts and smoother approvals translate into real orders.
If confirmed, early Chinese buys tighten nearby Gulf/PNW capacity and could bump basis in export-oriented regions.
Trade pacts with Malaysia and Cambodia unlock tariff-free and preferential lanes for key U.S. farm goods, expanding long-term demand in Southeast Asia.