Opportunity Is Now: Lawmakers hope the new Administration will open new ag export markets

As the Trump Administration works to balance U.S. trade books, lawmakers on the Ways and Means Committee are frustrated with a lack of progress over the last four years.

Congressman Randy Feenstra of Iowa says the Biden Administration opened zero new trade markets.

“So when you talk about export markets, whether it be corn, soybeans, wheat, cotton, we haven’t opened anything; cattle, hogs, dairy, and now we have that opportunity. We’re really working with the Administration right now. Everyone is hearing about tariffs, but I’m also hearing about the opportunity to have new export markets for all our commodities, and that’s exciting to hear about.”

Feenstra says there are a lot of exciting things on the horizon for agriculture, and he hopes to see greater market access over the next four years.

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One trader said the products entering the U.S. are primarily grind and trim, noting that the volume and type of beef, on its own, should not cause a major disruption. However, he says fund traders are reacting heavily to headlines rather than market realities.