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Most Recent USDA Data Projects Imports to Remain at 11 Percent of U.S. Consumption

    

Discussions about beef imports were put in the spotlight this week. NCBA agrees that the industry should have a conversation about imports and where we’re sourcing beef, but it’s important that the conversation be rooted in facts, not back of the envelope estimates using data from nearly a decade prior.

In response to R-CALF’s May 22, press release on trade levels, NCBA would suggest that it’s important that any reasonable discussion on trade include the most recent information available. Global beef trade is dynamic and trade levels rise and fall based on factors such as changes in currency valuation, areas of drought or moisture, global consumer demand, and many other variables, so utilizing old trade data is just the latest demonstration of R-CALF’s willingness to cherry-pick the facts to drive their agendas.

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Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

Video: Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry


Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.