The possible loss of trade with Mexico and China could result in a $1.154/cwt loss to dairy farmers in the U.S. totaling $2.77 billion in annual losses.
Senator Jerry Moran (R-Kan.) said he assumes the Trump Administration would try to use U.S. farm bill legislation to shield the sector in a growing U.S.-China trade dispute.
China has become to dominate foreign buyer in alfalfa hay purchasing 1 of every 2 metric tons of alfalfa hay and 1 in 4 metric tons of all hay products shipped overseas.
The largest dairy farm in Australia is owned by an investment firm in China, but the firm is going through instability after a mass resignation on the company’s board.
U.S. agricultural exports could be at risk in any retaliation over tariffs implemented by the White House, U.S. Secretary of Agriculture Sonny Perdue said on Monday.
The dairy market has seen its ups and downs during the past few years as the Trump Administration has engaged in “trade disputes” with partners like Canada, Mexico and China.
A U.S. dairy trade export group has partnered with a Chinese university to create a food science research center, hoping to bolster relations and expand dairy exports from the United States into China.
French food group Danone achieved better than expected first-quarter sales growth of nearly 5 percent, helped by Chinese demand for its baby formula products.
Many producers will castrate their calves when they are two or three days old, which is my preferred period. Castration should occur when the calf is rather young.
China has pledged to buy more U.S. goods to reduce America’s huge trade deficit and help avoid exacerbating a trade war between the world’s two biggest economies.
