Menu

  • China scrapped import shipment of American pork in the biggest cancellation in more than a year as US-China trade war escalated

    From scmp.com

    The same week US President Donald Trump announced sweeping increases on tariffs against Chinese goods, Chinese buyers dropped orders for 3,247 metric tonnes of US pork – the biggest cancellation in more than a year, according to US Department of Agriculture data released on Thursday. The cancellation came during the week ended May 9, a blow to the US$6.5 billion export market for American pork, vital to the burgeoning US meat industry. Prior to the trade war, China and Hong Kong combined were the second largest export market for US pork. For months, the US farm sector – which has been among the hardest hit by the ... (full story)

  • #1
  • Quote
  • Edited 1:03pm May 17, 2019 12:28pm | Edited 1:03pm
Putting things in perspective.
Obvious Political move aimed at US farmers who thus will qualify for US Federal aid, so not much damage to Pork producers who will just keep animals off the slaughter market.
From China's end a simple click onto the South China Post article reveals something not so good on their end.
African Swine fever breakout in mainland.
Couple that with a rather large hole developing in supply without US product
and a weaker Yuan which means higher domestic Pork prices in China.

So exactly who is holding short end of stick in this circumstance? Hm...

add: On second thought can imagine those good ole boy's saying something as follows. Hunny not much to do today, going down in the holler to the river, JimBo said Catfish bites been really something.
  • #2
  • Quote
  • May 17, 2019 7:12pm May 17, 2019 7:12pm
Domino effect is starting jobs lost.Not what Trump is going to sell on his campaign.He does not have the balls to say the truth.Tariffs is paid by US importers and consumers! Then he'll take portion of the tax bail out US farmers..... Cycle of socialism continuing!(Funny he calls Bernie Sanders a socialist)
True capitalist would take all trade taxes out and let the market do what market does best pure Capitalism.
In trading, you have to be defensive and aggressive at the same time
  • #3
  • Quote
  • May 17, 2019 7:50pm May 17, 2019 7:50pm
China can do better by releasting Trump's tax returns
  • #4
  • Quote
  • May 17, 2019 7:58pm May 17, 2019 7:58pm
that they hacked from the NSA
  • #5
  • Quote
  • Edited 9:08pm May 17, 2019 8:49pm | Edited 9:08pm
Some American hogs are heaving a sigh of relief...!
Sure I have a trading plan. Buy low. Sell high. What's yours?
  • #6
  • Quote
  • May 17, 2019 10:42pm May 17, 2019 10:42pm
The US-China conflict is its political and economic goal to prevent China from acquiring technology to impede its progress in various fields
  • New Comment
  •  Trader#7A04
  • | Status: Unregistered Trader
Create Account
  • Story Stats
  • Posted: May 17, 2019 9:50am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 6  /  Views: 6,182