Wautoma, WI
Current Conditions
0:56 AM CDT
Clear
Temperature
32°F
Dew Point
28°F
Humidity
85%
Wind
VRB at 7 mph
Barometer
30.40 in. F
Visibility
10.00 mi.
Sunrise
06:07 a.m.
Sunset
07:45 p.m.
Morning Forecast (7:00am-12:00pm)
Temperatures will range from 33 to 53 degrees with mostly clear skies. Winds will range between 9 and 18 miles per hour from the east. No precipitation is expected.
7-Day Forecast
Saturday
62°F / 33°F
Partly Cloudy
Sunday
63°F / 46°F
Light Rain
Monday
68°F / 37°F
Scattered Showers
Tuesday
52°F / 30°F
Partly Cloudy
Wednesday
51°F / 30°F
Light Rain
Thursday
57°F / 41°F
Light Rain
Friday
61°F / 35°F
Light Rain
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Saturday...Temperatures will range from a high of 62 to a low of 33 degrees with partly cloudy skies. Winds will range between 9 and 20 miles per hour from the southsoutheast. No precipitation is expected.
This Afternoon ...Temperatures will range from 55 to 62 degrees with clear skies. Winds will remain steady around 19 miles per hour from the southeast. No precipitation is expected.
This Evening ...Temperatures will range from 59 to 48 degrees with partly cloudy skies. Winds will range between 11 and 15 miles per hour from the south. No precipitation is expected.
Overnight ...Temperatures will range from 47 to 45 degrees with mostly cloudy skies. Winds will remain steady around 10 miles per hour from the south. No precipitation is expected.
Sunday...Temperatures will range from a high of 63 to a low of 46 degrees with cloudy skies. Winds will range between 4 and 12 miles per hour from the southsouthwest. 0.89 inches of rain are expected.

U.S. producers to benefit from new Japan beef trade rules

Feb. 7, 2013 | 0 comments

The United States and Japan officially sealed an agreement that will allow exports of U.S. beef from cattle less than 30 months of age to enter that Asian market starting Feb. 1.

The agreement was a long time in the making and its positive influence on U.S. beef markets could mean more than an immediate increase in trade volume with Japan, according to the American Farm Bureau Federation.

The true bonus could be the fact that an influx of U.S. beef could lower consumer prices in Japan, and, as a result, lead to higher consumption levels in that nation, according to AFBF economist Veronica Nigh.

The announcement that Japan will begin to import U.S. beef from cattle 30 months of age and less will take effect on Friday, Nigh said.

The initial rules, imposed by Japan in 2005, permitted U.S. beef imports only from cattle up to 20 months old, after a total ban in 2003 that followed an outbreak of bovine spongiform encephalopathy (BSE).

"Japan's imports of U.S. beef plunged by 60 percent to some 120,000 metric tons from 2001 to 2011," Nigh said. "Australian beef producers were the main beneficiaries in an import market worth more than $2 billion."

But, now that could all change.

Late last year, Japan's food safety organization helped pave the way for this announcement by reporting that the risk from importing beef from cattle aged 30 months or younger from the United States, Canada, France and the Netherlands would be negligible to human health.

The Japanese government has since held a series of public consultations and bilateral talks on how the new safety requirements would be met in the supplying countries.

"This is a big win, and it's the result of seven-plus years of resolute work by both the Bush and Obama administrations," said American Farm Bureau Federation President Bob Stallman. "This is great news for American cattle producers and it should have positive ripple effects for other U.S. food and agricultural sectors."

According to Stallman, Japan's action highlights the importance of sticking to sound, validated science; using multi-pronged efforts that included U.S. and Canada pushing for common-sense BSE guidelines; Congress supporting funding for the overall BSE effort; and multi-agency cooperation.

"We saw a sustained grassroots push to make sure officials knew how important this milestone is," Stallman said. "It truly sets the stage and establishes a process for other efforts on breaking down non-tariff barriers."

According to Nigh, the United States produces large amounts of specific meat cuts and offal that bring higher returns in Japan than in domestic markets.

She said Japanese beef prices rose significantly following the 2003 trade restrictions, which severely limited supplies of those cuts. But now, an increased presence of U.S. beef in Japan could bring higher returns for U.S. producers and lower prices for Japanese consumers.

Nigh pointed out a 2010 study by the Agriculture Department's Economic Research Service, which estimated that every decrease of 1 percent in beef prices in Japan actually leads to increases in consumption greater than 1 percent.

"The positive effects for U.S. beef producers go beyond the actual export volume," Nigh explained. "This gives U.S. beef an opportunity to lead resurgence in beef consumption. Analysis by USDA indicates Japanese consumers are very price sensitive when it comes to beef purchases, and the increased presence of U.S. beef in the Japanese market will lower their retail beef prices and lead to increased beef consumption, and therefore demand. This would be good news for U.S. producers, as much of this increased demand would likely be captured by U.S. beef."

Post a Comment

Limit of 2000 characters,  characters remaining

Preview

Discussion guidelines | Privacy policy | Terms of use

Please login to post a comment.

Page Tools

Search

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement