China has been a big part of the market turmoil over the last several weeks.
Analyst Mike Zuzolo says many traders are operating under the belief that a deal will soon be reached. However, he is not so sure, saying that the people President Trump has chosen to negotiate trade with have their hearts in rural America.
“Almost all of them come from the same background of the middle part of the country and have seen their towns or cities hollowed out, manufacturing hollowed out, and I think the proof is in the pudding at this point of what he’s willing to do, even if it means, as he would say, short-term pain for long-term gain.”
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USMEF’s Jay Theiler discusses his leadership role in representing U.S. beef and pork and provides an update on this week’s conference in Indianapolis.
USDA released the November WASDE Report on Friday, the first supply-and-demand estimate to drop since September, just before the 43-day government shutdown.
U.S. Trade officials announced new deals with El Salvador, Guatemala, Ecuador, and Argentina, as well as a steep reduction in tariffs on Swiss imports.
China’s cost advantage with Brazilian soybeans and vague public messaging leave U.S. export prospects uncertain heading into winter.
The request follows pressure from the American Sheep Industry Association (ASIA), which called for a formal investigation into whether lamb imports from Australia and New Zealand have cut into the U.S. market share.
David Hardin with the Indiana Soybean Alliance discusses USMEF’s push to open new global export markets for both meat and soy-based feed.
