Tag Archives: Trade

Cash cattle to go higher

Box beef to go down

We might finally be caught up

Will we rally after October 1?

A little bit of sales earlier in the week

Big margins for the packers

Wet weather moving through the Midwest

4.00 corn a ways out on the futures but what does that mean for corn

WASDE on Friday
3 typhoons hit China the past two weeks with damage to their corn crop.
Did you know China doesn’t buy corn from Brazil.
China continues to buy US beans
Reversal in the cattle market, restocking beef time

 

lean hog index above $60 first time since May 28th

 

  • Weakness in the cash
  • Weakness in the box beef
  • Boxes can go down a long way and the packer still make money
  • Cattle bought cheaper on Monday…Wednesday though turned into a wild ride
  • Is this market oversold?
  •  Grain prices should producers be locking in purchases
  • Show list this week around cattle country
  •  Are we getting caught up?
  • Feeder cattle starting to break

On Friday, Taiwanese President Tsai-Ing-wen said the territory would soon lift restrictions on U.S. pork and beef, paving the way for an eventual free trade agreement with America. Since 2007, Taiwan has denied market access to U.S. pork raised with ractopamine, despite an overwhelming body of scientific evidence that demonstrates the safety of the feed additive. Ractopamine is widely used as a feed ingredient in global beef and pork production. It is approved for use in production by nearly 30 nations and by the CODEX Alimentarius, the international standard-setting organization. Imports of pork raised with ractopamine are accepted by 75 countries. Although ractopamine use by hog farmers is not widespread, it is an option that is safe and acceptable.

The National Pork Producers Council appreciates that Taiwan is indicating it will soon lift all non-tariff barriers to U.S. pork and is grateful for the work of U.S. Trade Representative (USTR) and the USDA to tear down barriers to U.S. pork exports all over the world. NPPC will continue to defend the right of U.S. hog farmers to use production processes and products that are safe. NPPC opposes government mandates that, with no scientific backing, dictate production practices and unnecessarily increase food prices and inhibit consumer choice.

Sasse Statement on Trade with Taiwan
U.S. Senator Ben Sasse, a long-time advocate for Nebraska trade and member of the Senate Finance Committee, issued the following statement after Taiwan’s President announced a proposal to open up Taiwan’s market to American beef and pork products.

“This is great news. Nebraska’s farmers and ranchers are among the hardest workers in the world and they deserve to sell their products across the globe. More Nebraska beef and pork are about to be served at dinner tables all across Taiwan and they will keep coming back for more.”

 

 

  • Import tariffs being cut in Brazil
  • China continues to buy at these price levels
  • Fed Policy change…could be good for commodities
  • Any concerns with this dry weather continuing?
  • Basis in the country with the current weather conditions
  • Chinese & the politics here in the U.S.
  • Cash cattle market a disappointment
  • COVID and lack of protein movement is becoming more sensitive

 

  • Did see some spreading in the markets…supported wheat, not corn
  • China buys more beans…
  • Bean numbers looked good first ½ of tour…now they are getting into the disaster areas
  • Will China come in and “empty” our cupboards?
  • Rebuilding of the livestock industry in China is going to need food
  • S. has big supplies need to market
  • Basis has held better than we had thought
  • Impressive cash cattle trade this week
  • Pork product has stalled out a little bit

 

The U.S. Eighth Circuit Court of Appeals this week unanimously ruled in favor of Farmobile in an appeal brought by Farmers Edge regarding secret theft, breach of contract and breach of loyalty.

Farmers Edge had sued Farmobile, along with its founders, in the U.S. District Court for the District of Nebraska. The circuit court found that the Nebraska Court ruled correctly in denying Farmers Edge relief. Specifically, the court determined that the facts did not support the remaining claims made by Farmers Edge.

The lawsuit began in 2016 when Farmers Edge claimed Farmabile misappropriated trade secrets under Nebraska law and violated certain contract terms. As announced last week,

Farmobile continues to enforce its patent in a lawsuit filed against Farmers Edge in the Federal Court of Canada. That case is set for trial beginning on April 19, 2021. Farmers Edge and Farmobile both provide farmers with data and field analysis options.