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.
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.
U.S. pork exports recorded the highest-ever monthly value in November while U.S. beef export value took another step toward a likely full-year value record, according to data by USDA and compiled by USMEF.
Fears of the coronavirus continue to haunt the stock market despite the Federal Reserve’s efforts to calm it. Live cattle prices have dropped to numbers producers and traders haven’t seen in nearly a decade.
For May, the USDA Economic Research Service compilation of U.S. exports (carcass weight basis for the red meats and on a ready to cook basis for poultry), was a mixed bag of results compared to a year earlier.