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Vietnam Confirms Tariff Cut on U.S. Pork

Vietnam has confirmed it will lower its Most Favored Nation (MFN) tariff on imported frozen pork to 10 from 15 percent. The reduction is expected to be implemented on July 1, 2022. Getting better market access to Vietnam, a major pork-consuming country, has been a top trade priority for the National Pork Producers Council.

Late last year, NPPC Assistant Vice President of International Affairs Maria Zieba testified on the importance to U.S. pork producers of the Vietnamese market and urged the Trump administration not to impose U.S. tariffs on goods from Vietnam...

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Nov 18 8:00 AM, General News



Lawmakers Seek Level Playing Field for U.S. Pork Producers in Vietnam

More than 70 U.S. lawmakers sent a letter to U.S. Trade Representative Katherine Tai seeking her support for enhanced Vietnamese market access for U.S. pork. Vietnam represents a tremendous opportunity for U.S. pork exports, and the National Pork Producers Council (NPPC) appreciates the tremendous support for one of its top trade priorities.

“We thank the lawmakers, led by Reps. Ron Kind (D-Wis.), Darin LaHood (R-Ill.), Jim Costa (D-Calif.) and Dusty Johnson (R-S.D.), for their support in recognizing the importance of the Vietnamese market to U.S. pork producers,” said NPPC President Jen Sorenson, communications director for Iowa Select Farms in West Des Moines, Iowa. “Vietnam represents a significant opportunity for...

 

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May 7 8:27 AM, General News


NPPC Applauds the Philippines' Decision to Import More Pork

To combat rising pork prices and stabilize supplies, the Philippine government announced it will provide more market access for pork imports. Securing better access to the Philippines market has been a top, long-term trade priority for the National Pork Producers Council (NPPC).

“Since 2019, the Philippines has been battling African swine fever (ASF), and as a result, domestic production has declined, supplies have tightened, and pork prices have spiked,” said NPPC President Jen Sorenson, communications director for Iowa Select Farms in West Des Moines, Iowa. “While we are saddened by the spread of...

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Apr 8 10:32 AM, General News


January Red Meat Exports Below Year-Ago Levels Amid Transportation, Labor Challenges

U.S. beef and pork exports opened 2021 below the large volumes posted a year ago, according to January data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

Beef exports totaled 105,047 metric tons (mt) in January, down 2% from a year ago, while value slipped 3% to $653 million. The decline was due mainly to lower beef variety meat shipments, as muscle cut exports were steady with January 2020 at 81,398 mt, valued at...

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Mar 10 8:23 AM, General News


Highly Pathogenic Avian Influenza Strikes South Korea’s Layer Houses

As Highly Pathogenic Avian Influenza (HPAI) strikes South Korea’s layer houses killing more than 8 million hens, the country’s local shell egg prices have started to soar with a 22.4 percent increase compared with an average year as of Wednesday. Demand is especially high for eggs with the approaching Lunar New Year holiday February 11 - 14. As a result, the Korean government has decided to temporarily eliminate tariffs on egg imports for the first time since 2017.

According to The Korea Herald, South Korea's agricultural ministry said Wednesday it plans to “temporarily remove tariffs on imported egg products to resolve a supply shortage.” The government will...

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Jan 22 12:23 PM, General News


Cal-Maine Foods Reports Second Quarter Fiscal 2021 Results

Cal-Maine Foods, Inc. reported results for the second quarter of fiscal 2021 (thirteen weeks) and twenty-six-week period ended November 28, 2020.

Net sales for the second quarter of fiscal 2021 were $347.3 million, an 11.5 percent increase compared to $311.5 million for the second quarter of fiscal 2020. The Company reported net income of $12.2 million, or $0.25 per basic and diluted share, for the second quarter of fiscal 2021, compared to a net loss of $10.1 million, or...

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Jan 6 8:54 AM, General News


Meat Industry Reacts to President-Elect Biden's Choice for U.S. Trade Representative

President-elect Joe Biden announced he will nominate House Ways and Means Committee trade lawyer Katherine Tai as U.S. trade representative. Tai’s career at USTR began in 2007 as an associate general counsel. In 2014, she was named chief counsel for China trade enforcement, overseeing disputes between Washington and Beijing at the World Trade Organization. She left that role in 2014 to join House Ways and Means and in 2017 was named chief trade lawyer for Chair Richard Neal (D-MA).

The North American Meat Institute supports the choice. Tai, who would become the first Asian American to hold the role of USTR, speaks fluent mandarin and has experience as...

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Dec 14 10:19 AM, Urner Barry


Policy Issues Affecting the Meat Industry 

In a webinar hosted by the North American Meat Institute, experts explored what is on the horizon for trade policy, industry structure, and antitrust as President-elect Biden is set to occupy the White House come January. These Washington D.C. insiders shared a wealth of experience and valuable insights as the meat industry navigates new policy dynamics.

Panelists included Ambassador Darci Vetter, former Chief Agricultural Negotiator, USTR and Global Lead, Public Affairs and Vice Chair, Agriculture and Food, Edelman; and...

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Dec 10 8:22 AM, Urner Barry


Strong October for Pork and Beef Muscle Cut Exports; Variety Meat Trends Lower

U.S. pork exports posted broad-based gains in October, solidifying 2020’s record pace, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef muscle cut exports were also higher than a year ago in October, though lower variety meat volumes pushed total beef exports slightly below last year.

October pork exports were up 8% year-over-year to 242,536 metric tons (mt), with value also increasing 8% to $641.1 million. Through the first 10 months of the year, exports were 15% ahead of last year’s record pace at 2.46 million mt, with value up...

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Dec 9 8:17 AM, General News







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