The National Milk Producers Federation and the U.S. Dairy Council rejected a proposal from Canada regarding U.S. access to its dairy markets. The organizations say Global Affairs Canada outlined changes last week to their current scheme for allocating U.S.-Mexico-Canada Agreement dairy tariff-rate-quotas. In January, the U.S. Trade Representative’s Office announced it had won USMCA’s first-ever dispute settlement panel with Canada regarding dairy market access for U.S. farmers. “Enough is enough,” says Jim Mulhern, president and CEO of NMPF. “U.S. dairy producers are sick and tired of Canada’s game playing on dairy market access.” As the first case decided under USMCA, the U.S.-Canada dairy TRQ panel is a test case for whether the USMCA dispute settlement process can provide effective enforcement and deliver genuine compliance with the agreement. “Canada is trying to see how little will get demanded from them, so it’s essential that the U.S. insist on real reforms,” says Krysta Harden, president and CEO of USDEC.
Monday Closing Dairy Market Update - Class III Futures Close Higher
GENERAL OVERVIEW: Class III milk futures closed higher, responding to the higher block cheese prices and short covering after two da...
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OUTSIDE MARKETS SUMMARY: CORN: 2 Higher SOYBEANS: 5 Lower SOYBEAN MEAL: ...
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MILK: Milk futures declined for the week, but not as much as should have been seen according to the drop in the spot cheese and butt...
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MILK Class III milk futures have finished a very volatile week as emotions ran high as a result of the outside influence of the stimul...