Export Challenges Ahead for Proteins

CoBank: Ag Products Will Pay a Price for Lagging Trade Negotiations

 

By Victoria G Myers, Progressive Farmer/DTN

11/15/2021

 

For proteins, news on the trade front has been mostly positive since 2000. The U.S. share of meat and poultry exported grew from 6% in 2000 to 13% today. In terms of value, the numbers have nearly tripled. But holding onto these gains will be a challenge in today's trade environment.

 

In a new report from CoBank, "U.S. Animal Protein Needs Trade Negotiators Back at the Table," lead economist in the animal protein sector Brian Earnest stressed that future successful trade depends both on maintaining commitments with long-established partners and opening new trade avenues. He also expressed concern that as the phase-one trade agreement between the U.S. and China ends this year, negotiations are lagging on future commitments between the two nations.

 

With an estimated 1.4 billion people, China is a critical export destination for livestock producers. Earnest said that the phase-one agreement created stability in what had been an unpredictable trade partnership with China, and that since its implementation, the country has been a top destination for U.S. protein.

 

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