China makes another big buy of U.S. corn


I’m Clinton Griffiths with today’s AgDay Minute.

We haven’t heard much out of China in the past couple of weeks after making some big U.S. agriculture buys earlier this year, but that all changed on Tuesday. USDA reporting a flash sale of 1-point-156 million metric tons of U.S. corn to the country. The sale, coming just ahead of a meeting between Chinese and U.S. officials Thursday and Friday in Alaska. China has been importing record amounts of U.S. corn recently due to a supply shortage and records domestic prices.

Lots of people are talking about this, the Democratic governor of Colorado, signing a non-binding proclamation declaring this Saturday as “MeatOut Day”. It upset the state’s livestock producers. Now, the neighboring state, Nebraska has its own message. That state’s Governor, Republican Pete Ricketts, signing his own declaration, declaring this Saturday “Meat on the Menu Day” in Nebraska. Ricketts saying Colorado’s proclamation is a quote “direct attack on our way of life” end quote.

And it appears bacon has been a popular food during the pandemic. Costco reporting in its second-quarter earnings call with investors that demand for bacon at its stores is up to 45-percent! The National Pork Board saying 75-percent of people report eating or preparing bacon at least once a month or more. And it claims the bacon love is growing among millennials, with 75-percent of them eating or preparing bacon.

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