USMCA's Third Anniversary and Farmer Sentiment Rebounds in June
From the Ag Information Network, I’m Bob Larson with your Agribusiness Udpate.
**America’s farmers, fuel marketers, retailers, and renewable fuel producers called on the EPA to change its proposed standards for tailpipe emissions.
The groups want the agency to adopt a market-oriented, technology-neutral approach to transportation decarbonization in its final tailpipe emissions standards for 2027-32 light and medium-duty vehicles.
In a letter to the EPA, the groups say the proposed rule favors electric vehicles while failing to consider the decarbonization potential of existing biofuels.
**July 1 was the third anniversary of the U.S.-Mexico-Canada Agreement, and the U.S. pork industry was happy to celebrate the occasion.
Pork exports to America’s neighbors have soared under the successor to the North American Free Trade Agreement.
Under USMCA, U.S. pork exports to Mexico have increased from almost $1.2 billion in 2020 to more than $2 billion last year.
Exports to Canada have grown from about $853 million to $867 million.
**Farmer sentiment rebounded in June as the Purdue University-CME Group Ag Economy Barometer rose 17 points to 121.
www.agrimarketing.com reports, June's sentiment improvement left the index near the April reading of 123 after a May swoon.
The swing was driven by producer’s more optimistic view of the future as the Index of Future Expectations rose 25 points, while their perception of the current situation was unchanged.
www.agrimarketing.com/s/145859
