No Rush on China Deal and #FairCattleMarkets

No Rush on China Deal and #FairCattleMarkets

Bob Larson
Bob Larson
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.

**President Trump says he doesn't feel he needs to secure a trade deal with China before next year's election, but it it happens, it "would probably be a positive" for his campaign.

According to, the President says we’re looking for the big deal, but we’re taking in billions of dollars in tariffs and China has a very bad economy right now.

Both sides are aiming for a high-level meeting next month.

**Twitter is blowing up with the #FairCattleMarkets as the Senate Ag Committee prepares for a hearing on the Livestock and Poultry Sectors.

The Tweets call for President Trump to provide some level of balance in the profitability between meat packers and cattle producers. reports, a recent report shows Kansas feed yards in August lost $185 per head while PACKER margins spiked to nearly four times their annual average.

Cattle feeders aren’t expected to see a positive net return on steers or heifers until May.

**As the water year comes to a close, a California Department of Water Resources storage summary shows all but three reservoirs listed running at or above their historical average, but did not provide full water supplies for all.

Customers of the State Water Project and south-of-delta agricultural water contractors of the federal Central Valley Project had 75% supplies, a fact some advocates say points to the need for additional storage.

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