Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   
   

Agricultural News


US Meat Export Federation Regrets Decision Made by China to Impose 25 Percent Tariff on US Pork

Mon, 02 Apr 2018 14:40:38 CDT

US Meat Export Federation Regrets Decision Made by China to Impose 25 Percent Tariff on US Pork U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom released the following statement today in reference to decision made by Chinese authorities to impose a 25 percent tariff on US pork and pork variety meats:


"We regret the Chinese government’s decision to impose an additional 25 percent duty on imports of U.S. pork and pork variety meat. The United States is a reliable supplier of pork products to China, and this decision will have an immediate impact on U.S. producers and exporters, as well as our customers in China. We are hopeful that the additional duties can be rescinded quickly, so that U.S. pork can again compete on a level playing field with pork from other exporting countries.


"Exports have been a key driver of growth in the U.S. pork industry, and with nearly 27 percent of U.S. pork production exported last year, international trade is critical to the continued success and profitability of the U.S. industry. China is a leading destination for U.S. pork and especially for pork variety meat. In 2017, U.S. exported 495,637 metric tons (mt) of pork and pork variety meat to China/Hong Kong, valued at $1.08 billion - our second-largest international market by volume and third-largest by value. For pork variety meat exports only, this was our largest destination in both volume (321,116 mt) and value ($741.8 million), accounting for 63 percent of U.S. export value. Variety meat exports make a critical contribution to industry profitability, and last year these exports to China/Hong Kong alone equated to more than $6.00 per U.S. hog slaughtered.


"With U.S. exporters facing tariff and non-tariff barriers in China and other key markets, it is especially important to expand and diversify our export destinations for U.S. red meat. USMEF is working constantly to identify new and emerging markets in regions such as Central and South America, Southeast Asia and Africa, and to expand our customer base in mainstay markets such as Mexico, Japan, South Korea and Canada."


Additional information related to this release:


USDA GAIN Report


Statement from National Pork Producers Council





   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Industrial Hemp Cultivation Taking Off in Oklahoma as State Gears Up for New Research Opportunity  Fri, 20 Jul 2018 18:05:57 CDT
  • CattleFax's Duane Lenz Kicks Off OCA Convention with Some Challenging, Yet Favorable Forecasts  Fri, 20 Jul 2018 17:31:59 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, July 20, 2018  Fri, 20 Jul 2018 15:22:44 CDT
  • Federal Bank of Kansas City Reports That Large Loans for Livestock Drive Uptick in Farm Lending  Fri, 20 Jul 2018 15:15:23 CDT
  • Trump's Trade Advisor Pete Navarro Accused of Being Out of Touch After "Rounding Error" Remark  Fri, 20 Jul 2018 15:08:30 CDT
  • Land Values Across the Southern Plains Range from Stable to Down 10 Percent Compared to 2017  Fri, 20 Jul 2018 14:58:35 CDT
  • New Fieldprint Calculator Developed by Texas Tech Helps Define Physical, Economic Sustainability  Fri, 20 Jul 2018 14:46:56 CDT
  • Cairl Collins of Antlers, Okla. Recognized as a Significant Woman in Agriculture by OK Dept. of Ag  Fri, 20 Jul 2018 14:33:19 CDT

  • 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

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.