The U.S. Agricultural Marketing Service (AMS) has formally patched a long-sore spot in cross-border trade relations by pulling its country-of-origin labelling (COOL) regulations off beef and pork. The AMS, an arm of the U.S. Department of Agriculture (USDA), published its amendments Wednesday in the U.S. Federal Register. The changes, which took effect upon publication, mean […] Read more
U.S. COOL rules formally off beef, pork
U.S. producers glad that COOL is gone
The National Cattlemen’s Beef Association is also strongly behind the proposed Trans-Pacific Partnership trade deal
Reading Time: < 1 minute American cattle producers are just as happy about the demise of the country-of-origin labelling law and the Trans-Pacific Partnership trade deal as their Canadian counterparts. That’s the take of Alberta Beef Producers (ABP) after its executive and executive director attended the annual convention of the National Cattlemen’s Beef Association in California last month. “We were […] Read more
New further-month live cattle futures, options to resume
Chicago | Reuters — CME Group plans to resume its listing schedule for live cattle futures and options contracts, effective Feb. 18, the exchange said in a statement Wednesday. CME said it will post the June 2017 live cattle futures and options contract that was originally scheduled to be listed on Jan. 4. The exchange […] Read more
Canada, Mexico granted COOL retaliation power
Canada and Mexico may now impose retaliatory tariffs against U.S. goods at will over Washington’s country-of-origin labelling (COOL) rules — just in time for the process of erasing those rules to begin. U.S. President Barack Obama late Friday signed the Consolidated Appropriations Act of 2016, an omnibus bill approving funding for various government agencies and […] Read more
Mexico halts bid for COOL retaliation
Mexico City | Reuters — Mexico has halted a bid to impose retaliatory trade measures on the U.S. over meat labeling rules after U.S. lawmakers repealed them this week, a Mexican government official said. Mexico had announced earlier this month it would start internal procedures to strip benefits from some U.S. agricultural and industrial imports, […] Read more
U.S. livestock: CME live cattle rally limit-up before report
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled up by their three-cent/lb. price limit Friday, driven by short-covering and technical buying, traders said. Investors tweaked positions ahead of Friday’s U.S. Department of Agriculture monthly Cattle on Feed report at 2 p.m. CT. Spot December ended at 120.15 cents, and February 125.525 cents, […] Read more
U.S. Congress repeals COOL on beef, pork
The U.S. Senate and House of Representatives have both approved a repeal of the government’s six-year old mandatory country-of-origin labelling (COOL) laws on beef and pork. Tucked into an omnibus appropriations bill put before Congress Friday, the repeal shuts the door on a major irritant in North American trade relations and is expected to curb […] Read more
Canada not yet pulling trade trigger on COOL
Canada remains “cautiously optimistic” that the U.S. government will repeal its country-of-origin labelling (COOL) law before the Canadian and Mexican governments impose retaliatory tariffs. Federal Trade Minister Chrystia Freeland, speaking Wednesday from Nairobi on a conference call with reporters, said she was “not going to go into hypotheticals” about Canada’s next move if an omnibus […] Read more
Clock ticking to avoid North American food fight
Winnipeg | Reuters –– The North American spat pitting Canada and Mexico against the U.S. over meat labels has sown confusion among producers and shippers in all three countries, with a trade war potentially just weeks away. The World Trade Organization on Monday authorized Canada and Mexico, the biggest markets for exported U.S. goods, to […] Read more
Trudeau says prefers to avoid COOL retaliation on U.S.
Ottawa | Reuters –– Prime Minister Justin Trudeau said Wednesday he would prefer not to apply sanctions against the U.S. over a meat labeling dispute, but at the same time warned that he would stand up for Canada’s farmers. Earlier this week, the World Trade Organization authorized an annual retaliation level of $1.055 billion for […] Read more
Cyber-Savvy Farmer
