Feed Grains: Trump’s trade policies worry US livestock growers

By Commodity News Service Canada

WINNIPEG, Jan. 27 (CNS Canada) – Some beef producers in the US are worried that Donald Trump’s new trade policies could have a negative effect on their industry. In a statement, the National Cattlemen’s Association said that US beef sales to Mexico had increased dramatically since the implementation of the North American Free Trade Agreement. The group also said losing a potential trade deal like the Trans-Pacific Partnership could cost them US$400,000 a day in sales. Trump has dismissed the TPP and is threatening to slap tariffs on Mexican imports.

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A new report by the Potsdam Institute for Climate Impact Research says half the US corn crop could disappear by 2100. The paper, which appeared in Scientific American, said the impact of rising temperatures on crop yields could also reduce production of soybeans by 40 percent and wheat by 20 percent.
CORN futures in Chicago ended two cents per bushel lower on Thursday, on technical trading. Rising ethanol stocks in the US and favourable South American weather buffeted prices.
According to a report by Blackseagrain.net, Indonesia believes it can grow 24 million tonnes of corn this season. The country’s agriculture minister told reporters that means feed millers likely won’t need corn imports this year.
Feed barley bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$160 to C$170 per tonne range
as of January 19, according to the latest pricing information from the provincial government. That is slightly higher than last week. Feed wheat prices were C$180-$185, which was roughly C$2 weaker than the previous week.