Today, USDA released the latest interim report from USDA and USTR on the Phase One China trade agreement. The report notes that “Chapter Three of the Phase One Agreement contains concrete, specific commitments to reduce and eliminate structural, non-tariff barriers to U.S. agriculture in China’s market” for a wide variety of commodities and for biotechnology. To date, China has implemented 50 of the 57 commitments. As for the higher profile provisions of the agreement (Chapter Six, which sets import goals), the report outlines the following:
China has met 71 percent of its purchase goals in agriculture for 2020
The agreement went into effect in February 2020, making March the first full month under the plan, and...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
