Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm Programming Radio Oklahoma Network  |  7401 N. Kelley Ave. Oklahoma City, OK 73111  |  (405) 841-3675  |  Fax: (405) 841-3674

advertisements
   
   
   
   
   
   
   
   

Agricultural News


European Union Strikes Trade Deal With Japan - National Pork Producers Say US Must Do Likewise

Thu, 06 Jul 2017 11:54:07 CDT

European Union Strikes Trade Deal With Japan - National Pork Producers Say US Must Do Likewise Following today’s announcement by the European Union and Japan that they have reached agreement in principle on a trade pact, the National Pork Producers Council renewed its request that the Trump administration begin negotiations on a free trade agreement with Japan.



“The United States must quickly finalize a trade deal with Japan if it wants to maintain that important market,” said NPPC President Ken Maschhoff, a pork producer from Carlyle, Ill. “We can’t stand by while countries around the world negotiate agreements that give them a competitive advantage over American products.



“We urge President Trump to make America great again by expanding our market access to Japan - an economically and strategically important ally - through an FTA.”



Japan is the highest value market for U.S. pork exports. In 2016, Japanese consumers purchased almost $1.6 billion of U.S. pork products. Demand in Japan for U.S. pork is very strong despite tariffs and other import measures that limit market access for it.



NPPC has urged the administration to get a Trans-Pacific Partnership-type deal with Japan. Under that trade agreement, which the pork organization strongly supported, Japan’s tariffs on pork, which are determined through a so-called gate price system, would have been nearly eliminated. Economist Dermot Hayes of Iowa State University estimated that U.S. pork exports to Japan would have increased exponentially under TPP, creating more than 5,000 new U.S. jobs.



With an EU-Japan trade pact in place, U.S. pork producers are concerned they will lose market share in the island nation.



“Producers are very dependent on exports,” Maschhoff said. “Last year, were exported 26 percent of our total production, and those exports added more than $50 - representing 36 percent of the $140 average value of a hog in 2016 - to the price we received for each animal marketed. We can’t afford to lose exports in our No. 1 market.”



Source - National Pork Producers Council




   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Joplin Regional Stockyards - Close  Wed, 22 Nov 2017 08:51:28 CST
  • Wednesday Preopening Market Update with Dave Lanning  Wed, 22 Nov 2017 07:06:37 CST
  • This Week on SUNUP - Kim Anderson Cautions Farmers About the Siren Song of Growing Cotton  Tue, 21 Nov 2017 16:26:40 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Tuesday, November 21, 2017  Tue, 21 Nov 2017 14:29:53 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Tuesday, November 21, 2017  Tue, 21 Nov 2017 14:29:25 CST
  • Tuesday Market Wrap-Up with Justin Lewis  Tue, 21 Nov 2017 14:21:38 CST
  • Tuesday Afternoon Market Wrap-Up with Carson Horn  Tue, 21 Nov 2017 14:10:45 CST
  • Noble Research Institute Picks Up $5 Million Grant to Study Legumes Ability to Access Soil Nutrients  Wed, 22 Nov 2017 04:51:44 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show Stillwater Milling American Farmers & Ranchers KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com


       
       
    © 2008-2017 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup

    WebReady powered by WireReady® NSI