Friday, July 2, 2021

Dairy Industry Urges Renewal of Trade Promotion Authority

Dairy groups call on the Biden Administration to seek renewal of Presidential Trade Promotion Authority, which expired Thursday. The National Milk Producers Council and U.S. Dairy Export Council say the move will foster further expansion of U.S. dairy exports. TPA lays out congressional expectations for trade agreements negotiated by the administration and establishes a clear pathway for straightforward congressional input. To remain globally competitive, future trade agreements are vital for U.S. dairy farmers, workers, and manufacturers, according to the groups.  The call for renewal comes on the one-year anniversary of the U.S.-Mexico-Canada Agreement, enacted with the help of TPA. For dairy, USMCA provisions established improvements to market access in Canada and set clear standards for trade with Mexico. USDEC President and CEO Krysta Harden states, “Our ability to retain foreign customers in an increasingly competitive global dairy market is absolutely essential to farmers and dairy manufacturing facilities employing workers here at home.”




Friday Midday Dairy Market Summary - Butter and Cheese Prices Bounce

OUTSIDE MARKETS SUMMARY: CORN: 6 Higher SOYBEANS: 15 Higher SOYBEAN MEAL: ...