China Negotiators to D.C. and Tyson Fire Impact on Beef Market
**Chinese officials aren't backing off plans to visit Washington in September for face-to-face trade meetings, as talks remain on track for now despite the recent tariff threats.
According to agweb.com, the U.S. delayed the imposition of new tariffs after negotiators told President Trump talks last week were "very productive," and Beijing wants to "do something dramatic" to end the impasse.
However, he also doesn't believe Chinese negotiators are very optimistic of any imminent progress.
**After fire struck at the Tyson Food's beef packing plant in Holcomb, Kansas, the cattle market quickly responded with limit losses locking down both the live and fed cattle complexes.
Oklahoma State University Extension Livestock Market Economist Dr. Derrell Peel tells agrimarketing.com, it will likely take some time for the market to sort out the ramifications.
Peel says while other packers may try to take advantage of the situation, there really isn't much flexibility in their production schedules to do so.
**California's 2019 avocado crop is winding down, but the state played an important role during a season where volume was low and prices were high.
Patrick Cortes, of Oxnard-based Mission Produce, tells thepacker.com, "When we saw Mexico was declining in crop size, California really came to the table and was harvesting substantially more week over week than what was anticipated."
The California Avocado Commission estimates this year's California crop will finish in the 190-to-200 million-pound range.