When it comes to ag exports, there are two sides to the equation: trade and infrastructure.
House Ag Committee Chair, GT Thompson, shares what could be on the radar for Congress this session.
“It won’t be infrastructure in terms of canals, ports which needs to be addressed. We need to modernize in a serious way. I mean we have ports of entry and ports of export. They cannot accommodate these larger shipping vessels that we now have. So, for whatever reason the United States has not kept up with those investments and we need to do that. We need to be able to move our agricultural commodities efficiently.
“We need to make this a place where these companies that operate these vessels want to come to, right? Also, we need to look at some policies, like there’s an awful lot of shipping containers that are going back empty, specifically to China and that’s wrong. We’re buying products and they need to be fulfilling their trade promises and buying our commodities.”
Congressman Thompson says trade was a hot topic at the listening session with farmers this week at the World Ag Expo.
A Reuters report shows China has a soybean “glut,” finding stockpiles at Chinese ports are at record levels, with crushers there holding the most supplies since 2017.
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The National Milk Producers Federation (NMPF) says recent wins in markets like Malaysia and Cambodia help farmers focus on production rather than trade barriers.
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Lucia Ruano, USMEF’s Central America representative, discusses what is driving demand for U.S. beef and pork in the region.
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Tyson expects another year of beef-segment losses due to tight cattle supplies, even as chicken, pork, and prepared foods strengthen overall margins.
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Export strength is concentrated in corn and wheat, while soybeans and sorghum lag, keeping basis and logistics dynamics highly commodity-specific into late fall.
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Lewie Pugh, with the Owner-Operator Independent Drivers Association, joined us on Monday’s Market Day Report to share his perspective on what the bill could mean for truckers.
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