Today's Beef Buzz - Positive Beef News As Canada Ratifies USMCA Trade DealWed, 18 Mar 2020 11:11:48 CDT
On today’s Beef Buzz, Radio Oklahoma Ag Network Farm Director Ron Hays talks with Kent Bacus, senior director of international trade and market access for the National Cattlemen’s Beef Association. In the midst of depressing news because of the COVID-19 outbreak, Bacus focuses on some positive news as the Canadian Parliament approved the USMCA trade package.
This is the best news we’ve had in a while, Bacus said. Unfortunately, we’re not seeing much press coverage because of the COVID-19 story.
“We see this as a nice win for the beef industry,” Bacus said.
He noted the Canadian Parliament moved quickly as they did not want to delay the USMCA any further.
Bacus said there are a few more procedural steps, but he expects full implementation by early summer.
This clears the way for unrestricted access in the North American market, Bacus said.
On a related topic, Bacus said Japan remains our number one market for beef exports and we have seen strong sales so far in 2020. He expected demand to remain good, helped along by the reduced tariff rate which kicks in April 1.
The NCBA trade expert added he does expect COVID-19 to have some impact on the Japanese market, just as it will worldwide.
Click on the LISTEN BAR below to hear the complete interview with Kent Bacus as he talks with Ron Hays.
The Beef buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for today’s show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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