Did China "blink"??

gfm7175 said:
At the right price, I will buy A LOT of pork. I already do with beef.
Click to expand...
LMAO

Foreign demand for U.S. crops and meat is taking a hit from the global trade war, this week’s export data showed.

China cut back on its U.S. soybean purchases and reduced the amount of pork it plans to import in 2025, according to weekly data from the Agriculture Department. Analysts expect prices for agricultural commodities to come under sharp pressure if this trend continues.


“If we see big cancellations again next week I would expect to see more market reaction,” Karl Setzer, head of Consus Ag Consulting, said of China’s cancellation of pork purchases.

This week’s data showed a 12,000-ton reduction in previously announced purchases of U.S. pork by China, cutting total sales for the week ended April 17 to a mere 5,800 tons. That is the lowest figure for 2025 delivery reported so far this year, and off 72% from the prior week. Thursday’s data is the first read out covering a full week of sales after the back-and-forth between the U.S. and China’s tariff escalation.

Lean hog futures in Chicago settled down 0.2% to just below $1 a pound Thursday afternoon, as traders and analysts mull if China’s cancellation of pork purchases is an aberration or a trend.

Meanwhile, the USDA said China only purchased 1,800 tons of soybeans in the period, a far cry from the 72,800 tons the country purchased in the week ended April 10. President Trump raised tariffs on Chinese goods to 84% earlier this month, which was eventually pushed up to 145%. This prompted China to respond with a tariff rate of 125% on U.S. exports.
 

Trump ‘Misjudged’ China on Trade War​

For those interested:

President Donald Trump misjudged Beijing by calculating that it would cave into economic pressure, leaving the US unprepared to handle the current tariff standoff, according to an adviser to China’s Foreign Ministry.

“The mainstream narrative within the Trump team is that because the Chinese economy is bad, if the US plays the tariff card, then China will have no choice but to surrender,” said Wu Xinbo, director at Fudan University’s Center for American Studies in Shanghai, who last year led a group of experts in the ministry to meet politicians and business executives in the US.

“But surprisingly to them China didn’t collapse and surrender,” Wu said during a panel discussion in Shanghai on Friday. “The US side misjudged the situation and also is not well-prepared for the confrontation with China.”

https://www.bloomberg.com/news/arti...ce=website&utm_medium=share&utm_campaign=copy
 
Magats_Love_NHB said:
LMAO

Foreign demand for U.S. crops and meat is taking a hit from the global trade war, this week’s export data showed.

China cut back on its U.S. soybean purchases and reduced the amount of pork it plans to import in 2025, according to weekly data from the Agriculture Department. Analysts expect prices for agricultural commodities to come under sharp pressure if this trend continues.


“If we see big cancellations again next week I would expect to see more market reaction,” Karl Setzer, head of Consus Ag Consulting, said of China’s cancellation of pork purchases.

This week’s data showed a 12,000-ton reduction in previously announced purchases of U.S. pork by China, cutting total sales for the week ended April 17 to a mere 5,800 tons. That is the lowest figure for 2025 delivery reported so far this year, and off 72% from the prior week. Thursday’s data is the first read out covering a full week of sales after the back-and-forth between the U.S. and China’s tariff escalation.

Lean hog futures in Chicago settled down 0.2% to just below $1 a pound Thursday afternoon, as traders and analysts mull if China’s cancellation of pork purchases is an aberration or a trend.

Meanwhile, the USDA said China only purchased 1,800 tons of soybeans in the period, a far cry from the 72,800 tons the country purchased in the week ended April 10. President Trump raised tariffs on Chinese goods to 84% earlier this month, which was eventually pushed up to 145%. This prompted China to respond with a tariff rate of 125% on U.S. exports.
Click to expand...
GOOD!! Sounds like I will be buying A LOT of pork in the future!
 
reminder-that-the-chinese-have-confirmed-no-tariff-v0-3wfy85sub1xe1.png
 
You must log in or register to reply here.
Back
Top