Articles tagged under: China
JBS Delivers Huge Net Profits for the Quarter
Published March 26, 2020
The world’s largest meat packer, JBS USA, is reporting quarterly net profits of $482.5 million. Net profits for JBS are up more than 330 percent from last year. JBS pork sales to China from the United States are up ten…USDA Announces Expanded Access for U.S. Meat Products to China
Published March 24, 2020
Phase one implementation of the trade agreement between the U.S. and China is pressing forward. The most recent actions include growth for U.S. meat products. Both countries have agreed to allow U.S. poultry exports from unaffected regions in the case…Increased Market Access for U.S. Beef and Pork
Published March 23, 2020
USDA’s Food Safety and Inspection Service has updated its export requirements for U.S. beef and pork going to China. More U.S. facilities are now eligible to export beef to China and exports are no longer limited to beef from cattle…China Purchases Supporting the Grain Markets
Published March 20, 2020
China made a few purchases of U.S. agricultural commodities on Friday. According to the USDA, China bought 756,000 metric tons of corn for delivery during the 2019/2020 marketing year, 340,000 metric tons of hard red winter wheat for delivery during…Rumor Has It China is Shopping Around for Grain
Published March 19, 2020
Standard Grain President Joe Vaclavik says rumors China is shopping for commodities and possible port closures in Argentina have brought some buying into the grain market. "Nothing is confirmed yet, but we've heard things circulating. Another piece of news friendly…Trade with China Highlighted at Transportation Conference
Published March 12, 2020
One of the key markets for crops grown in the Northern Plains was China. In 2018, the trade war disrupted the local supply chain to the Pacific Northwest. NDSU Extension crops economist Frayne Olson says that supply chain may look…China Lifts Beef Restrictions, Updates Approved Dairy Export Facilities
Published March 11, 2020
There is continued progress in implementing phase one of the trade agreement between the U.S. and China. The most recent actions by China include lifting a ban on beef imports from animals over 30 months of age and updated facilities…Cargill Facilities in China Re-Open
Published March 8, 2020
Cargill says its plants and facilities have re-opened in China following coronavirus-driven shutdowns and quarantines. Cargill says its crop processing, chicken processing plants and financial-market operations have reopened. Cargill says none of its employees are known to have contracted coronavirus,…An Unusual Corn Market
Published March 5, 2020
Standard Grain President Joe Vaclavik says the corn market is acting unusual. "This is an odd setup for what we're told is a well supplied market. There's no or very little carry in the market. When you get a market…