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Agriculture Roundup for Wednesday February 1, 2023

The United States is filing another formal dispute over what it considers Canada’s failure to live up to its trade obligations to American dairy farmers and producers.

It’s the second time the U.S. has launched a dairy-driven escalation in less than two years.

U.S. Trade Representative Katherine Tai said the new panel has become necessary because Canada has so far refused to take the steps necessary to properly address the first one.

The panel ruled in December 2021 that Canada was indeed violating the terms of the U.S.-Mexico-Canada Agreement with the way it was allocating import quotas for U.S. dairy products.

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Derrell Peel, OSU Extension livestock marketing specialist, says cattle markets remain strong, and recent rainfall is a factor, though trade uncertainty could lead to volatility.