cowz
Well-known member
- Joined
- Jan 10, 2007
- Messages
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Watcha think on this one....should we block Mexican produce......it has to be labeled with country of origin too.....what?
Beef Alert: Mexico Blocks Meat Imports Over Labeling
Trade tensions between the U.S. and Mexico worsened as Mexico blocked imports of meat from at least 30 U.S. meat processing plants.
The move, which took effect Wednesday, came about a week after the Mexican government filed a complaint at the World Trade Organization about a new U.S. law that requires labeling the origin of fresh beef and pork imported to the U.S.
U.S. trade partners are concerned the country-of-origin labeling policy will encourage American consumers to favor U.S.-raised meat. The law, which was included in the 2008 Farm Bill and took effect Sept. 30, requires supermarkets or other food retailers to label or otherwise display the country of origin for meat, produce and certain kinds of nuts.
Plants that process meat for Tyson Foods Inc., Smithfield Foods Inc. and other large beef, pork and poultry processors were among those listed as unable to sell meat into Mexico.
In trading Friday at the Chicago Mercantile Exchange, the cattle contract for December delivery sank 1.575 cents a pound to settle at 85.9 cents a pound.
Shares of Tyson Foods rose 1.61% to $8.20. Smithfield shares rose 7.54% to $12.98.
Last year, Mexico sold more than 870,000 head of live cattle to the U.S. to be partly raised and then processed into meat. The country's sales of live cattle here so far this year have fallen far below that. The Mexican government has said it thinks the new law could be partly to blame.
Earlier this year, Mexico had warned some U.S. meat plants of alleged "point of entry" violations that could include paperwork or labeling problems.
A spokesman for the U.S. Meat Export Federation said that many companies affected by the action this week already have submitted paperwork to be recertified to import to Mexico.
A spokesman for Tyson said some of its trucks shipping meat to Mexico were unexpectedly stopped at the Mexican border on Wednesday. The Reuters news service quoted Mexican government officials saying the issue could be resolved next week.
Source: Dow Jones Newswires
Beef Alert: Mexico Blocks Meat Imports Over Labeling
Trade tensions between the U.S. and Mexico worsened as Mexico blocked imports of meat from at least 30 U.S. meat processing plants.
The move, which took effect Wednesday, came about a week after the Mexican government filed a complaint at the World Trade Organization about a new U.S. law that requires labeling the origin of fresh beef and pork imported to the U.S.
U.S. trade partners are concerned the country-of-origin labeling policy will encourage American consumers to favor U.S.-raised meat. The law, which was included in the 2008 Farm Bill and took effect Sept. 30, requires supermarkets or other food retailers to label or otherwise display the country of origin for meat, produce and certain kinds of nuts.
Plants that process meat for Tyson Foods Inc., Smithfield Foods Inc. and other large beef, pork and poultry processors were among those listed as unable to sell meat into Mexico.
In trading Friday at the Chicago Mercantile Exchange, the cattle contract for December delivery sank 1.575 cents a pound to settle at 85.9 cents a pound.
Shares of Tyson Foods rose 1.61% to $8.20. Smithfield shares rose 7.54% to $12.98.
Last year, Mexico sold more than 870,000 head of live cattle to the U.S. to be partly raised and then processed into meat. The country's sales of live cattle here so far this year have fallen far below that. The Mexican government has said it thinks the new law could be partly to blame.
Earlier this year, Mexico had warned some U.S. meat plants of alleged "point of entry" violations that could include paperwork or labeling problems.
A spokesman for the U.S. Meat Export Federation said that many companies affected by the action this week already have submitted paperwork to be recertified to import to Mexico.
A spokesman for Tyson said some of its trucks shipping meat to Mexico were unexpectedly stopped at the Mexican border on Wednesday. The Reuters news service quoted Mexican government officials saying the issue could be resolved next week.
Source: Dow Jones Newswires