A trade deal is now on the books between the UK and the United States. The agreement was signed yesterday afternoon at the G7 Summit, and it includes support for America’s beef producers.
President Donald Trump inked the deal with British Prime Minister Keir Starmer. The agreement cuts tariffs on UK auto and aerospace imports. Tariffs on steel production are still in the air, but it does open the door for more beef exports.
The trade deal will allow American farmers to export up to 29 million pounds of beef to the UK each year. President Trump calls the deal fair for both sides and says it will create more jobs and a lot more income.
This all comes as the clock ticks down to July 9th, when the 90-day tariff pause on several countries, including the European Union, comes to an end. President Trump paused reciprocal tariffs on most trade partners last month. If deals are not reached, the 10-percent baseline tariffs will likely go up. Tariffs on partners like China, Canada, and Mexico are all adjusted separately.
Prepare for acute UAN risk and a brief urea shock; maintain steady ammonia and phosphate plans, and monitor potash basis on the coasts.
October 06, 2025 11:56 AM
·
“A government shutdown impacts all Americans and has serious consequences, including for farmers. It just adds additional uncertainty, disrupts critical services.”
October 06, 2025 11:23 AM
·
Agricultural exports continue to be a key contributor to rural employment. However, rural businesses still struggle to fill numerous job openings.
October 06, 2025 10:46 AM
·
Treasury Secretary Scott Bessent stated this week that the government will intervene to help, following China’s withdrawal from the U.S. soybean market. One trader says the industry will remain in a holding pattern until Tuesday.
October 03, 2025 01:04 PM
·
University of Illinois Ag Economist Gary Schnitker says early projections indicate soybeans will be more profitable than corn in 2026.
October 03, 2025 11:53 AM
·
“In the first six months of 2025, 181 Chapter 12 bankruptcies were filed nationwide.”
October 02, 2025 11:06 AM
