Wednesday was the first of two days that the U.S. and China would be face-to-face for high-level talks aimed at ending the trade war between the two countries. A Bloomberg article says the dispute is starting to cast a growing shadow over the two largest economies in the world. Treasury Secretary Steven Mnuchin tells the Fox Business Network that he expects significant progress in the talks this week.

Bloomberg says administration officials and others close to the talks say there are still several big issues that the countries remain far apart on. Sources also tell Bloomberg that U.S. officials are still working through an internal debate on how to proceed from this point forward and are ill-prepared for the talks. This week’s negotiations come after a period of turmoil in markets that has left both governments wanting to be able to point out progress and settle the nerves of worried investors.

U.S. demands still include structural reforms in Chinese economic policy and America still wants concessions on issues like intellectual property. The talks will also cover Beijing’s recent pledge to buy more American goods, including large amounts of agricultural products. Sources familiar with the discussions say that President Donald Trump appears to want to strike a deal soon.

As Chinese officials are in Washington, D.C. this week for trade negotiations, the National Pork Producers Council is urging the two countries to resolve their differences quickly. A Farm Journal’s Ag Web Dot Com article says the NPPC is also asking China to purchase a minimum of $3.5 billion in pork products over the next five years.

China is the world’s number one pork consumer. That fact has made it a top destination for U.S. pork exports for the last several years. In 2017, the U.S. pork industry shipped $1.1 billion worth of product there, which made it number three on the list of the top pork export destinations. Industry experts say pork represents approximately 15 percent of China’s Consumer Price Index and could almost singlehandedly make a large dent in the U.S.-China trade imbalance.

NPPC President Jim Heimerl says China has been a “tremendous market” for U.S. pork. “Without numerous trade barriers, they would likely be our number one export market,” Heimerl says. “Even without the preexisting barriers on U.S. pork, the 50-percent punitive tariffs have slowed our exports to a trickle.” U.S. pork producers now face tariffs of 62 percent on exports to China. An Iowa State University report says producers have lost $8 per hog, or more than $1 billion on an annualized basis, because of the 50 percent punitive tariffs.

The European Commission made a couple of announcements important to U.S. soybean farmers. Conservation practices required for U.S. soybean production now meet European Union standards. Also, biodiesel produced from U.S. soybeans can now be used in the EU. The European Union requires biofuels to meet a set of sustainability criteria outlined in its Renewable Energy Directive.

The U.S. soy industry has its own sustainability guideline called the Soybean Sustainability Assurance Protocol. With this week’s announcement, the EU formally acknowledges that the SSAP meets its rigorous sustainability requirements. Davie Stephens, a Kentucky soybean grower and American Soybean Association President, says, “U.S. farmers have long prided themselves on adopting newer and better methods for producing high-quality soybeans that are grown responsibly and sustainably. We’re pleased that the EU Commission has recognized our efforts by opening the door for SSAP-certified soybeans to be used in EU biodiesel.”

The United States is the leading soybean supplier to the EU. While this announcement only applies to soybeans exported specifically for biodiesel production, the ASA sees this as a positive step toward enhancing its share in the EU marketplace. The EU’s decision will be in place until at least July 1 of 2021.

House Agriculture Committee Chair Collin Peterson is trying to get out in front of another possible government shutdown. The first government shutdown temporarily shuttered Farm Service Agency offices across the country. Politico says Peterson, a Minnesota Democrat, is exploring possible ways to keep the FSA running in case government leaders can’t come to a budget agreement.

Peterson says he didn’t know that agency staff in charge of getting the mandatory farm bill programs up and running didn’t get to continue working on that during the funding lapse. Peterson is also trying to figure out if it’s possible to get arrangements in place for certain FSA workers to remain on the job during a potential shutdown.

Peterson says farmers were asking him, “What’s going on? NRCS offices are open but FSA isn’t?” He was referring to the Natural Resources Conservation Service, which was able to keep full staffing during the partial government shutdown, thanks to leftover money from fiscal 2018. “That’s hard to explain,” says Peterson.

Agriculture Secretary Sonny Perdue will speak at the 2019 Cattle Industry Convention and NCBA Trade Show February 1, 2019. Perdue will give his remarks at the Closing General Session of the event, being held this week at the New Orleans Convention Center. He will address the farm bill, trade and other issues affecting U.S. agriculture.

The convention is the largest gathering of cattle industry professionals in the country, and the NCBA Trade Show will feature more than 350 exhibitors. NCBA President and California cattleman Kevin Kester says the industry is honored to host Secretary Perdue at the convention. Noting the many issues facing agriculture today, Kester says “It’s great that Secretary Perdue will share his thoughts and his agency’s plans with us.”

The annual meetings of the National Cattlemen’s Beef Association, the Cattlemen’s Beef Board, American National CattleWomen, CattleFax and National Cattlemen’s Foundation will also be held during the event this week.

The Environmental Protection Agency says the now-ended government shutdown will not delay rules to allow year-round E15 sales. The EPA intends to finalize the rules in time for the summer driving season. An EPA official told Reuters, “I still think we can get the rule done in time and what I mean by that is get the rule in place by start of the summertime.”

The government shutdown prompted worry that the rule may not be finished in time for the summer driving season. The Renewable Fuels Association this month called similar comments made by Acting EPA Administrator Andrew Wheeler encouraging. However, RFA President and CEO Geoff Cooper says the EPA “would greatly improve its chances of getting the regulatory fix done before summer” if the agency separated the year-round E15 provisions from so-called ‘RIN reform’ provisions also being considered as part of the rulemaking package.

The Department of Agriculture did not supply more than 60 reports during the government shutdown and will supply much of that data next month. USDA announced Monday many reports, including final production reports for 2018 will be published on February 8th, the same date of the February World Agriculture Supply and Demand report.

However, American Farm Bureau Federation Economist Veronica Nigh says some of the data “will never be available.” For example, the January World Agriculture Supply and Demand report will never be published, but some of the data will be rolled into the February report. Many market analysts warn to watch for a glut of data from USDA that could shock the market over the next few weeks as markets had previously relied on privately reported data during the shutdown, but USDA reports are often considered a benchmark in reporting.