The U.S. Department of Agriculture’s (USDA) and Food and Drug Administration (FDA) will both be involved in regulatory oversight of cell-culture food originating from livestock and poultry, also known as "fake meat."
At the Latin American Product Showcase, more than 60 USMEF exporting member companies participated, displaying and promoting U.S. beef, pork and lamb products. The event attracted more than 190 buyers from 23 countries.
However, has there been any progress on other trade deals? With the markets swinging up and down during Monday's trading session, what is happening?
AgDay and U.S. Farm Report reporter Betsy Jibben has the story.
USMEF opened its annual conference with a status report on the current state of U.S. beef, pork and lamb exports, followed by a discussion of trade policy issues shaping the outlook for exports in 2019 and beyond.
Japan might increase the amount of agriculture trade conducted with the U.S. through potential trade deal that was announced by President Trump following a meeting with Japanese Prime Minister Shinzo Abe.
Taiwan paved the way for an eventual free trade deal with the United States on Friday by announcing an easing of restrictions on the import of U.S. beef and pork, as they look to boost ties with Washington.
Led by South Korea, Japan, Taiwan and Latin America markets, July beef exports climbed 12% in volume to 116,575 mt, valued at $722 million – up 16% from a year ago and just slightly below the May 2018 record.