Ag News: China Makes Huge U.S. Corn Purchase
**In a four-day shopping spree, importers bought 3.876 million tons of U.S. corn for delivery to China this marketing year, according to the USDA.
That corn, according to www.agriculture.com, based on Chicago futures prices, was worth $850 million.
High domestic prices have made imported corn attractive to Chinese processors and livestock feeders.
China, the world’s largest pork consumer, is rebuilding its hog herd after a devastating epidemic of African swine fever last year.
www.agriculture.com/news/business/china-buys-850-million-worth-of-us-corn
**The 2021 California avocado crop will be smaller, but promotable volume will arrive by late April, according to California Avocado Commission.
Jan DeLyser, the commission’s vice president of marketing, tells www.thepacker.com, projection for the state’s output for fiscal 2020-21, which runs November through October, is 292 million pounds.
About 280 million pounds will be Hass variety, 9 million Lamb, 2 million GEM, and 1 million pounds for “other” varieties.
**The American Farm Bureau Federation is calling on U.S. trade officials to enforce trade agreements with Mexico.
Farm Bureau President Zippy Duvall says we built strong trade ties with Mexico through NAFTA and improved them with USMCA, but recent moves by Mexico to limit American imports and to undercut prices in the U.S. puts American farmers and ranchers at a competitive disadvantage.
Duvall is urging Ag Secretary Vilsack and U.S. Trade Representative Tai to engage with Mexico and enforce the agreements.
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