Exports
Treasury Secretary nominee Scott Bessent outlined a three-pronged approach to tariffs during his Senate testimony this week, including targeted tariffs, general tariffs as revenue generators and tariffs as a negotiation tool.
Germany’s meat and dairy exports outside the EU face severe restrictions after the country’s first case of the livestock disease foot-and-mouth was confirmed on Friday.
Global milk production among leading dairy exporters is headed for growth in 2025, but will it be sufficient to offset rising dairy demand?
Trump has long expressed interest in purchasing Greenland, a Danish territory, describing it as “absolutely necessary” for U.S. security. He also raised concerns over the Panama Canal, claiming its current operation by Chinese interests undermines American control of a critical trade route.
Canada is preparing for potential trade challenges following Trump’s threat of a 25% tariff on Canadian imports. The Canadian government is considering a proactive approach, including the possible early release of a retaliatory tariff list.
Dairy producers are closely watching how potential trade changes could affect exports, particularly as concerns rise over Canada’s compliance with the USMCA and the critical role of top trading partners.
Uncertainty remains whether falling output in Mexico benefit the U.S. dairy industry.
As the world rapidly changes, so too does the landscape of the global dairy industry. While excitement abounds, Mary Ledman, a Global Dairy Strategist for Rabobank, emphasizes the importance of understanding the underlying drivers of market demand
Threats of widespread tariffs and concerns about retaliation continue to stoke uneasiness in agriculture. With a growing trade deficit and hopes the U.S. could re-embark on the Phase One trade deal with China, could the focus back on trade be positive for agriculture?
It took almost all year, but there is better news price wise for dairy producers.
Financial Times reports say President-elect Donald Trump has asked Robert Lightizer to return as U.S. trade representative.
Producers are poised to increase output, but will it be enough to help feed global demand?
USDA forecasts agricultural exports at $173.5 billion and imports at a record $204 billion for a projected record trade deficit of $30.5 billion.
Union head vows to stay on strike ‘as long as necessary’ as the first strike since 1977 halts the flow of goods, ranging from bananas to beef, pork and poultry to industrial materials, leading to potential shortages and price hikes.
The group of terminal operators and ocean container lines said their new offer would increase wages by nearly 50%, triple employer contributions to union retirement plans, strengthen health care options, and retain the current language around automation and semi-automation.
Biden administration officials are meeting with the United States Maritime Alliance (USMX) to urge good faith negotiations in the ongoing labor dispute with the International Longshoremen’s Association (ILA).
Nearly all the growth in total U.S. dairy exports tied to demand from Mexico.
The effects are already visible, with declining French barley exports to China and the U.S. struggling to sell corn for the new season.
As the U.S. dairy industry continues to thrive, the critical importance of a seamless and a reliable transportation network cannot be overstated. Addressing vulnerabilities and ensuring the robustness of these transportation systems are imperative steps in sustaining the industry’s productivity.
Agricultural imports are expected to reach a record $212 billion, up $8 billion from FY 2024. This increase is largely due to rising imports of horticultural products, sugar and tropical products.
Enhancing U.S. dairy exports
Lower milk solids could mute the impact of faltering sales.
The U.S. Dairy Export Council (USDEC) recently embarked on a pivotal journey to China, with the aim of strengthening ties and enhancing trade opportunities between U.S. dairy suppliers and Chinese buyers.
Industry experts are bullish on export opportunities over the next year to five years. New product development will also open the door for producers to add more profits to their bottom line.
The dairy market remains in a complex landscape of shifting prices and fluctuating demand. Kathleen Wolfley with Ever.Ag says more positivity is coming into the marketplace as we look at late 2024 on into 2025.
Krysta Harden, president and CEO of USDEC says dairy producers are faced with a tough global market. Still, she says if we can grow exports in the toughest of times, then we can continue to grow exports anytime
Krysta Harden with USDEC told those attending High Plains Dairy Conference in Amarillo, Texas the financial well-being of the U.S. dairy farmer will be critical to U.S. export success in 2024.
Cuba on Monday confirmed it had sought help from the World Food Program to guarantee the supply of subsidized powdered milk for children.
China’s annual per capita cheese consumption sits at 0.2 kg., or less than half a pound. However, this number is projected to see growth with the Chinese cheese market seeing a healthy pipeline of investment activity.