It is difficult for U.S. agriculture to see any positives in Trump trade policy, and following are a few examples why:
The harsh rhetoric associated with the renegotiation of NAFTA has encouraged the Mexicans to for look for new trading partners elsewhere, including South America for its corn. The renegotiation of KORUS hasn’t hurt but also not really helped U.S. farmers. The Section 301 tariffs on steel and aluminum brought threats from Europe and now retaliatory tariffs from China. More punitive tariffs are being prepared against China for its treatment of intellectual property (IP), and that is likely to invite additional retaliation from that country.
Add up the above, and it is hard to see why the American agriculture se...
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...
