For the first time, the United States will have full access to Indonesian markets, tariff-free. It comes after a trade agreement between officials there and President Donald Trump.
Pres. Trump says the landmark deal includes a promise from Indonesia to buy $15 billion in energy, $4.5 billion in U.S. ag exports, and 50 Boeing airliners.
In return, the United States will have full market access, but Indonesia will still be required to pay a 19% tariff on exports to the U.S.
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Dairy farmers are expected to face strong output and export gains, but lower prices and tighter margins will persist into next year.
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All eyes will be on today’s Cattle on Feed Report, which analysts say could give a clearer picture of where the market goes next.
