Farms.com Home   Ag Industry News

U.S. beef wins back access to Colombian market

Sep 25, 2024
By Farms.com

Ban lift on U.S. beef boosts trade with Colombia

 

The lifting of a significant trade barrier marks a positive development for U.S. beef exports, as Colombia reopens its market to beef from 14 states. This follows a period of restriction due to H5N1 detections in dairy cows that impacted trade dynamics significantly. 

Dan Halstrom, President and CEO of the U.S. Meat Export Federation, highlighted the collaborative efforts of USDA's APHIS, FAS, and FSIS in achieving this milestone. He also praised the steadfast loyalty of Colombian importers and consumers during the ban, who played a crucial role in voicing their needs and concerns to their government.

Previously a robust market for U.S. beef, Colombia saw a dramatic decrease in imports during the ban, underscoring the economic impact of such trade disruptions.

With the ban now lifted, expectations are high for the restoration of previous trade volumes, which bodes well for both U.S. exporters and Colombian consumers.

The resolution of this trade issue through effective USDA engagement serves as a model for addressing similar challenges in global markets. It underscores the importance of international cooperation and proactive diplomacy in sustaining and expanding market access for U.S. agricultural products.


Trending Video

Did Bears Win Thanksgiving, Will Bulls Get Christmas?

Video: Did Bears Win Thanksgiving, Will Bulls Get Christmas?


Did the bears win Thanksgiving (although this week had green on the screen), and will the bulls get Christmas? Bears won thanksgiving thanks to a USDA Nov crop report dud that stalled the bullish grain momentum for a brief period. But a bullish lower yield surprise in the Dec crop report could reignite the rally.
2026 U.S. winter wheat planting is nearly complete at 97% while crop conditions improved by 3 points to 48% good-to-excellent. US corn & soybean harvest is complete.
High corn demand, which is off the chart, and more Chinese soybean demand could support a Christmas rally.
Nasdaq had it’s worst November since 2011.
A U.S. Fed rate cut in December will help fund flow and sentiment.
Bitcoin held a long-term support at 80,000 and that's positive for fund flow and sentiment. It should help stock prices and Ag as we go into December.
Fertilizer prices continue to climb as we look ahead to 2026. Farmers may rely more on the nutrients that they already have in their soils.
South American Weather remains critical as the soybean reproductive stage starts from late Nov to late Feb depending on planting date.
Will a Russia-Ukraine peace deal happen by year-end?
CFTC data as of showed more managed money fund sell-off as of October 14th.