Tariff developments have created headwinds for the U.S. red meat trade.
April exports of beef and pork trended lower than a year ago, due in part to a sharp decline in shipments to China.
Dan Halstrom with the U.S. Meat Export Federation spoke with RFD-TV’s Tammi Arender about the recent data, trade hurdles with China, and negotiations moving forward.
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In a statement provided to RFD-TV News, a USDA spokesperson reiterated President Trump and the USDA’s commitment to farmers in difficult economic times.
China is not one of our top suppliers of cooking oil, according to USDA ERS data, but does export a lot of used cooking oil to the U.S. for biofuel production.
Expect choppier basis and wider bids — hedge earlier, keep logistics flexible, and watch Argentina and India headlines for near-term opportunities.
New U.S. fees on Chinese-owned and built ships took effect overnight, marking the latest escalation in maritime trade tensions between Washington and Beijing.