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(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Canada, Mexico granted COOL retaliation power

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Canada and Mexico may now impose retaliatory tariffs against U.S. goods at will over Washington’s country-of-origin labelling (COOL) rules — just in time for the process of erasing those rules to begin. U.S. President Barack Obama late Friday signed the Consolidated Appropriations Act of 2016, an omnibus bill approving funding for various government agencies and
(Canada Beef Inc. photo)
Livestock, Markets

Mexico halts bid for COOL retaliation

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Mexico City | Reuters — Mexico has halted a bid to impose retaliatory trade measures on the U.S. over meat labeling rules after U.S. lawmakers repealed them this week, a Mexican government official said. Mexico had announced earlier this month it would start internal procedures to strip benefits from some U.S. agricultural and industrial imports,
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: CME live cattle rally limit-up before report

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled up by their three-cent/lb. price limit Friday, driven by short-covering and technical buying, traders said. Investors tweaked positions ahead of Friday’s U.S. Department of Agriculture monthly Cattle on Feed report at 2 p.m. CT. Spot December ended at 120.15 cents, and February 125.525 cents,
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. Congress repeals COOL on beef, pork

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The U.S. Senate and House of Representatives have both approved a repeal of the government’s six-year old mandatory country-of-origin labelling (COOL) laws on beef and pork. Tucked into an omnibus appropriations bill put before Congress Friday, the repeal shuts the door on a major irritant in North American trade relations and is expected to curb
(Canada Beef Inc. photo)
Beef cattle, Hogs, Livestock, Markets

Canada not yet pulling trade trigger on COOL

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Canada remains “cautiously optimistic” that the U.S. government will repeal its country-of-origin labelling (COOL) law before the Canadian and Mexican governments impose retaliatory tariffs. Federal Trade Minister Chrystia Freeland, speaking Wednesday from Nairobi on a conference call with reporters, said she was “not going to go into hypotheticals” about Canada’s next move if an omnibus
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Clock ticking to avoid North American food fight

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Winnipeg | Reuters –– The North American spat pitting Canada and Mexico against the U.S. over meat labels has sown confusion among producers and shippers in all three countries, with a trade war potentially just weeks away. The World Trade Organization on Monday authorized Canada and Mexico, the biggest markets for exported U.S. goods, to
Canada can retaliate on COOL
Livestock, News

Canada can retaliate on COOL

But the tariffs will be lower than it wanted

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In a ruling released earlier this week, Canada and Mexico got about one-third of the clout they sought from the World Trade Organization to impose retaliatory tariffs on American products because of country-of-origin labelling. But Canadian officials say the ability to penalize imported U.S. goods to the tune of C$1,054,729 is enough to pressure U.S.
(Photo courtesy Canada Beef Inc.)
Beef cattle, Hogs, Livestock, Markets

U.S. livestock: COOL news weighs on CME live cattle, hogs

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Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures fell on Monday, partly led by the World Trade Organization’s (WTO) ruling against the U.S. in a meat-labeling dispute, said traders. Canada and Mexico may impose tariffs worth $1 billion onto U.S.-traded products, a WTO panel ruled on Monday, as the countries prepared to retaliate

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