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Major progress on beef trade at U.S.-China summit

Major progress on beef trade at U.S.-China summit

On Friday, May 15, China’s General Administration of Customs (GACC) granted a five-year registration extension to 425 overdue U.S. beef establishments in China’s Food Import Food Establishment (CIFER) system – a critical step toward restoring market access for U.S. beef. Additionally, 77 new U.S. beef establishment registrations were added to the CIFER system, with registrations valid for five years. While some U.S. beef establishments remain suspended from exporting to China, a White House...

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Farms received nearly a quarter of each food-at-home dollar in 2022

In 2022, farm establishments received 24.1 cents for each dollar spent on food at home and 3.6 cents for each dollar spent on food away from home. These amounts, called farm shares, highlight the different paths that food takes from farms to consumers' points of...

Low demand hurting dairy so far in 2024

Low demand hurting dairy so far in 2024

The dairy industry just seems to never be able to catch a break these past few years. Regulations, trade disputes, labeling products that aren’t dairy as though they were, and the list goes on and on. As we move through these first three months of 2024. We see that...

South American Weather and Crop Update (3-12-24)

South American Weather and Crop Update (3-12-24)

Drier weather in Brazil is providing less-than-ideal conditions for the safrinha crop that has been planted so far. Allendale commodity broker Greg McBride gave an update on the latest South American weather patterns. On the other hand, that dry weather is allowing...

Tyson Foods to close Perry pork packing plant

Tyson Foods to close Perry pork packing plant

Tyson Foods has signaled that it will permanently close its pork packing plant in Perry in late June. Tyson is the biggest employer in the city of Perry and the closing of the facility will leave 1,276 plant workers without jobs. The Worker Adjustment and Retraining...

USDA finalizes “Product of the USA” labeling rule

USDA finalizes “Product of the USA” labeling rule

The Department of Agriculture this week finalized a rule related to voluntary labeling claims of ‘Product of the USA.’ USDA’s final ‘Product of the USA’ rule will allow farmers to label meat, poultry, and egg products when they are born, raised, and processed in the...

Crop insurance deadline nears

Crop insurance deadline nears

Farmers not yet enrolled in the Agriculture Risk Coverage or Price Loss Coverage programs for the 2024 crop year have until March 15, 2024, to revise elections and sign contracts. Both safety net programs, delivered by USDA’s Farm Service Agency, support to farmers...

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U.S. beef herd rebuild could take years

U.S. beef herd rebuild could take years

The U.S. beef cow inventory has fallen to its lowest level in more than 60 years. With no significant changes on the horizon that would quickly reverse the trend, rebuilding the U.S. beef cow herd to historical norms is shaping up to be a years-long undertaking....

Strong potential for U.S. pork in Indonesia

Strong potential for U.S. pork in Indonesia

With support from the National Pork Board, U.S. Meat Export Federation (USMEF) Chair Randy Spronk recently traveled to Indonesia to see the market potential firsthand. While Indonesia is a majority Muslim country, Spronk said there is strong potential for U.S. pork...