Ag groups have been preparing for President Trump’s tariffs for some time now. One dairy group says that preparation has actually helped their numbers.
“So, certainly, folks have been gearing up. That’s actually been good for our trade data so far. We’re moving a lot more product because folks don’t want to be out of U.S. products during these times,” said Sarah Dorland, a dairy economist with Ceres Dairy Risk Management.
Dorland says it does not take much market action to shake up the dairy economy. While they are shipping a lot of products now, she warns that could change drastically in the future.
U.S. dairy products are looking at an additional 10 percent tariff from China in the coming days. China has responded with its own tariffs that aim to target a number of U.S. ag goods. They include a 15 percent tariff on all U.S. chicken, wheat, corn, and cotton. There is also an extra 10 percent on U.S. soybeans, sorghum, pork, beef, as well as other fruits and vegetables. Chinese officials say those take effect March 10th.
Early indications suggest the U.S. cattle industry may be nearing the end of its liquidation phase. Oklahoma State University livestock economist Dr. Derrell Peel says the industry could be at or near the cyclical low.
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Beef x Dairy cattle with strong genetics and documentation are earning prices comparable to native feeders.
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FarmHER Chris Nellis and her daughters navigate loss while carrying on a 300-year farm legacy, milking cows in upstate New York.
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Marilyn Schlake with the UNL Department of Agricultural Economics joined us for a closer look at the evolving role of livestock sale barns.
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RFD NEWS correspondent Frank McCaffrey recently spoke with Dr. Mike Vickers, a South Texas rancher, who says illegal border crossings have dramatically declined in the last year.
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