Trade
A SCOTUS ruling on Trump’s tariffs could have long-term implications on the authority of future administrations to control U.S. trade policy, according to RFD-TV legal expert Roger McEowen.
Ag Secretary Brooke Rollins will travel to Europe and Asia to seek new trade partnerships for U.S. crops after China reduced imports due to tariffs.
“It’s a falsehood to call beef from another country ‘Product of the USA.’”
The American Soybean Association is calling on the White House to ease up on Chinese tariffs
“This essentially shuts Canada out of the China market.”
“Applying significant broad-based tariffs on Mexico and Canada would be really a downside to the U.S. economy.”
Imports
Only properly documented, unexhausted fertilizer applied by prior owners may qualify for Section 180 expensing; broader nutrient-based claims carry significant legal and tax risk.
Urea and phosphate see the biggest price relief from tariff exemptions, but nitrogen markets remain tight, and spring demand will still dictate pricing momentum.
Firm live cow prices and shifting dairy-side culling suggest cull cow values may stay stronger than usual this winter despite weaker cow beef cutout trends.
Exports
RealAg Radio host Shaun Haney talks about the U.S. House’s latest vote to roll back tariffs on Canada and the ongoing discussions surrounding North American trade.
Corn demand remains supportive, but weaker soybean buying limits overall export momentum.
China’s reliance on imported soybeans remains entrenched, shaping global demand and trade leverage.