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Rabobank: Outside Influences on the Grains & Oilseeds Industry
African Swine Fever Update: Impact on Feed
Chinese pork production in 2019 is expected to decline 25%, with a further 10% drop in 2020. The forecast is for the hog herd to be down by 50% by the end of 2019, before stabilizing somewhat in 2020. Other meat and seafood production and consumption will rise. Pork imports into China are already on the rise, with Spain, Germany, and Canada the key suppliers so far this year. However, we see the potential of non-EU countries gaining higher shares in 2020, as EU production doesn’t seem to be responding strongly enough to meet expected Chinese demand.
Impact on G&O: We are maintaining our projections for China’s feed use and soybean imports from last month. In 2019, the year-on-year drop of China’s hog feed is projected at 35%, with a 5% rebound in 2020. Poultry feed will rise significantly in 2019 and 2020, while aquafeed will only rise by about 5%, with other feed also only growing marginally. Still, total feed in 2019 is seen down...
USDA Announces Support for Farmers Impacted by Unjustified Retaliation and Trade Disruption
U.S. Secretary of Agriculture Sonny Perdue today announced that the U.S. Department of Agriculture (USDA) will take several actions to assist farmers in response to trade damage from unjustified retaliation and trade disruption. President Trump directed Secretary Perdue to craft a relief strategy to support American agricultural producers while the Administration continues to work on free, fair, and reciprocal trade deals to open more markets in the long run to help American farmers compete globally. Specifically, the President has authorized USDA to provide up to $16 billion in programs, which is in line with the estimated impacts of unjustified retaliatory tariffs on U.S. agricultural goods and other trade disruptions. These programs will assist agricultural producers while President Trump works to address long-standing...
United States Wins Dispute Finding China’s Grain Tariff-Rate Quotas Breaches WTO Commitments
U.S. Trade Representative Robert Lighthizer and Secretary of Agriculture Sonny Perdue announced today that a World Trade Organization (WTO) dispute settlement panel found that China has administered its tariff-rate quotas (TRQs) for wheat, corn, and rice inconsistently with its WTO commitments. Contrary to those commitments, China’s TRQ administration is not transparent, predictable, or fair, and it ultimately inhibits TRQs from filling, denying U.S. farmers access to China’s market for grain.This panel report is the second significant victory for U.S. agriculture this year, and, together with the victory against China’s excessive domestic support for grains, will help ...
U.S. Wins WTO Dispute Finding China Provides Excessive Government Support to its Grain Producers
U.S. Trade Representative Robert Lighthizer and Secretary of Agriculture Sonny Perdue announced today that a World Trade Organization (WTO) dispute settlement panel found that China has provided trade distorting domestic support to its grain producers well in excess of its commitments under WTO rules. China’s market price support policy artificially raises Chinese prices for grains above market levels, creating incentives for increased Chinese production of agricultural products and reduced imports.This panel report is a significant victory for U.S. agriculture that will help American farmers compete on a more level playing field. This dispute is the first to challenge China’s agricultural policies that disregard WTO rules and shows ...
Smithfield Foods Achieves Industry-Leading Environmental Commitment
Smithfield Foods, Inc. is pleased to announce that it has successfully engaged 80 percent of its grain supply chain, which is used to feed the company’s hogs, in farming practices that are both sustainable and reduce the cost of production for grain farmers. This exceeded the company’s original goal of 75 percent. In 2018, Smithfield purchased grain from producers who use efficient fertilizer and soil health methods across approximately 560,000 acres of land.
Grain production is the first step in the vertically integrated company’s supply chain, making this accomplishment one of the key ways Smithfield is working toward its ambitious goal to reduce greenhouse gas (GHG) emissions 25 percent by 2025 throughout its entire supply chain – the first commitment of its kind from a protein company.
“This accomplishment is a significant milestone in our company’s holistic approach to reducing carbon emissions across our entire supply chain ...
Boar's Head Brand Expands its Simplicity Line to the Delight of All Natural and Organic Shoppers
Boar's Head Brand®, one of the nation's leading providers of premium fine crafted foods products, is excited to give shoppers more options to choose from when selecting all natural and organic products for themselves and their families. Boar's Head Simplicity® line, launched in 2016 with a few selected items, now offers a complete line of products in categories such as beef, turkey, ham, cheese, bacon, franks, charcuterie and hummus.
"In the past, consumers who chose all natural and organic products believed they needed to trade taste for these attributes. At Boar's head, we disagree. We leveraged over a century of experience in crafting fine foods along with our culinary expertise to deliver both things in our newly expanded Simplicity line. The response has been...
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