According to the Wisconsin Department of Agriculture, Trade and Consumer Protection, 497 dairy farms have called it quits year-to-date. While Wisconsin is a big dairy state, operations are closing throughout the U.S.
Two of the world’s closest allies, the United States and Canada, couldn’t be more apart on what’s right for their dairy industries with USMCA. The Canadian dairy industry does not like the potential agreement.
As trade trumps most market news today, Andy Shissler of S&W Trading said juggling all these trade deals at once can be viewed as a game of dominos. China will be the last domino to fall, but it will take time.
Japan might increase the amount of agriculture trade conducted with the U.S. through potential trade deal that was announced by President Trump following a meeting with Japanese Prime Minister Shinzo Abe.