U.S. Trade Representative Katherine Tai Tuesday announced the U.S. has requested and established a dispute settlement panel under the United States-Mexico-Canada Agreement regarding dairy trade. The request seeks to review measures adopted by Canada that “undermine the ability of American dairy exporters to sell a wide range of products to Canadian consumers.” The U.S. is challenging Canada’s allocation of dairy tariff-rate quotas, specifically the set-aside of a percentage of each dairy TRQ exclusively for Canadian processors. Agriculture Secretary Tom Vilsack responded, “This is an important step for American agriculture and one that brings the U.S. dairy sector closer to realizing the full benefits of the USMCA.” Vilsack adds the action “puts our other agricultural trading partners on notice that they must play by the rules.” Praising the announcement, National Milk Producers Federation President and CEO Jim Mulhern states, “Canada has failed to take the necessary action to comply with its obligations under USMCA by inappropriately restricting access to its market.”
Tuesday Morning Dairy Market Update - Limited Trade Activity Expected
OPENING CALLS: Class III Milk Futures: 2 to 5 Lower Class IV Milk Futures: Mixed ...
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MILK There had been some optimism that lower milk production in February would get the attention of cheese buyers and they would ste...
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OUTSIDE MARKETS SUMMARY: CORN: 1 Lower SOYBEANS: 3 Higher SOYBEAN MEAL: $11...
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Block cheese price increased 1.75 cents, closing at $1.7525 and the highest price it has been since May 7. There were 3 loads changing hand...