The new Japan trade deal represents a big win for American agriculture. The agreement includes the purchase of $8 billion of U.S. goods, along with an expansion of rice imports.
California farmer, Charley Mathews Jr. joined RFD-TV’s Tammi Arender to discuss what it means for rice producers in the United States, his California operation, and how he sees the trade deal impacting the rice outlook moving forward.
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USDA raised exports by $2.5 billion from February, while imports are forecast at $205.5 billion. The resulting $29 billion agricultural trade deficit remains a reminder that higher shipments alone do not resolve trade pressure.
Corn is the clear export leader heading into summer.
The U.S. Meat Export Federation says the agreement could be used to improve market access for American beef and pork producers in Africa.
Industry leaders highlighted trade concerns, export opportunities and the importance of maintaining momentum behind the agreement.
RealAg Radio host Shaun Haney joins us to discuss Canada’s livestock import restrictions, producer reaction to the New World screwworm detection in Texas, and the potential implications for cross-border livestock trade.
HTS Commodities’ Lewis Williamson joins us to recap USDA’s latest Crop Progress Report, troubling winter wheat conditions, and key market factors shaping the markets as the growing season progresses.
