June 19, 2018

Today's News Summary:

The news opens today reporting that in response to the U.S. implementation of Section 232 tariffs on steel and aluminum, Mexico has imposed new duties on imports of U.S. pork. On June 5, tariffs on chilled and frozen pork cuts were increased from zero to 10 percent. Effective July 5, 2018, the rate will increase to 20 percent. Mexico also applied a 15 percent duty to pork-only sausages and a 20 percent duty to some cooked ham and shoulder products. We post a summary as prepared by USMEF’s on the impact on Mexico’s retaliatory duties on U.S. pork.

Meanwhile, the National Retail Federation issued a statement after President Trump said he is considering tariffs on an additional $200 billion in Chinese goods if China does not yield to U.S. demands: The NRF said "a tit-for-tat trade war has erupted and American families are caught in the middle. Higher prices for everyday essentials and lost jobs threaten to sap the energy out of the strong U.S. economy just as most Americans are starting to enjoy the benefits of historic tax reform. This reckless escalation is the latest reminder that Congress must step in and exert its authority on trade policy.”

In grains, soybeans were down more than 2% Tuesday morning. Soybeans tumbled Tuesday after President Donald Trump threatened additional tariffs on the world's largest soy importer, raising concerns of retaliatory import taxes that could further target American agricultural products.

In other news, more than two-thirds of older adults are managing more than one chronic disease. Despite this rising trend, adults today are tuning into their health and turning to nutrition to do so. A new study, conducted by the International Food Information Council and supported by Abbott, found that heart and muscle health were the top two health topics that adults over 50 years old are paying attention to – at 80 and 75 percent respectively. Brain health and having enough energy were equally important health topics for adults at 74 percent.

The Minnesota-based agricultural and shipping giant Cargill is emerging as a leading voice in support of global trade as President Donald Trump imposes tariffs on other countries. Global trade can be used to promote the environment, education and equality if organizations work together, Devry Boughner Vorwerk, Cargill’s chief of global corporate affairs, said. Vorwerk wants the U.S. to return to the Trans-Pacific Partnership trade agreement, support the North American Free Trade Agreement, end the Cuban embargo and open trade with North Korea.

Jenny Craig announced that DNA testing of specific nutrition and health genetic markers is being incorporated into its comprehensive weight loss offerings. Jenny Craig is the first national commercial weight loss company to integrate DNA testing into its comprehensive weight loss plans. Through genetic testing, Jenny Craig will, among other things, look to optimize members' weight loss results by matching their genes to the best nutritional program for them.

Lastly, according to market research firm Packaged Facts in the new report Breakfast and Breakfast Foods All Day: Culinary Trend Tracking Series, the percent of U.S. adults who agree that breakfast is the most important meal a day has notched down somewhat from 57% in 2007 to 52% in 2017.

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By Linda Lindner


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