Key Takeaways:
The U.S. sheep industry is contracting. Lamb output and producer participation have declined sharply. Imports now account for most U.S. lamb consumption. Their roughly 70 percent share raises concerns about domestic capacity and resilience. USTR’s referral carries substantial trade-policy significance. It could become the sector’s most consequential federal trade action in decades. Industry advocacy helped advance the case. Protect American Lamb, ASI, and congressional outreach appear to have strengthened momentum. Section 201/202 is suited to broad import pressure. It can address multi-country import surges without requiring proof of unfair trade. The ITC will determine whether relief is warranted. A serious-inj...
Yesterday, the USDA released its monthly World Supply and Demand Estimates (WASDE), forecasting tighter beef and pork supplies and growing broiler supplies, resulting in a tighter red meat supply. Broiler production, however, continues to grow and is forecast to be up more than 3 percent. Beef...
