World

U.S. farm bill might violate trade rules

The new U.S. farm bill might violate World Trade Organization rules against trade-distorting subsidies, major U.S. business groups said in an appeal to lawmakers to revamp the bill, which is already facing slim odds of passage. FULL STORY »

Chinese importers sign deals to buy $2.8 billion of U.S. soybeans

Chinese companies signed agreements with U.S. agricultural exporters on Monday to buy 4.83 million tonnes of U.S. soybeans valued at about $2.8 billion. FULL STORY »

More trouble for bankrupt Agfeed

Just one week after AgFeed Industries Inc. was given the green light to sell its U.S. operations to a trio of its competitors. Now, the U.S. Securities and Exchange Commission (SEC) has preliminarily decided to recommend an enforcement action be brought against it on alleged violations of anti-fraud provisions of securities laws. FULL STORY »

New U.S. meat label rule survives challenge by meat packers

A U.S. district judge refused on Wednesday to stop the government from requiring labels on packages of beef, pork, poultry and lamb sold in U.S. stores to include more specific information about the meat's country of origin. FULL STORY »

U.S. pork exports to Colombia surges, beef gaining traction

While the United States has been one of Colombia’s leading meat suppliers for many years, the volume of trade with Colombia was significantly held back by high duties and other trade barriers. FULL STORY »

U.S. clears Smithfield's acquisition by China's Shuanghui

The U.S. Committee on Foreign Investment has cleared the way for Shuanghui International Holdings Ltd's proposed $4.7 billion acquisition of Smithfield Foods Inc, the companies said on Friday. FULL STORY »

Shuanghui secures $4 billion bank loan

This week Shuanghau International Holdings Inc. announced it has signed a $4 billion loan agreement from a consortium of eight banks, part of the financing the Chinese pork giant needs to acquire Smithfield Foods. FULL STORY »

Russia escalates dispute with Belarus after CEO's arrest

Russia banned pork imports from Belarus on Friday, stepping up a diplomatic and trade war over the arrest of a Russian businessman and threatening to deepen the isolation of its former Soviet ally. FULL STORY »

Coalition issues principles for TPP agreement

An ad hoc coalition of agricultural and food organizations led by the National Pork Producers Council and Cargill has communicated to U.S. trade negotiators its “core” principles for a final, successful Trans-Pacific Partnership (TPP) trade agreement. FULL STORY »

USMEF: Rebound in pork exports to Mexico major boost for U.S.

After getting off to a slow start in 2013, U.S. pork exports to Mexico rebounded in a big way in the second quarter. June exports were up about 20 percent year-over-year, pulling first-half export results nearly even with last year’s record pace. FULL STORY »

Can the U.S. still be No. 1 ag exporter without a farm bill?

USDA Secretary Tom Vilsack warned Wednesday that the U.S. could lose its position as the world’s top agricultural exporter unless Congress moves quickly to pass a farm bill. FULL STORY »

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