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Tag Archives: China

#CHINA DEAL GOOD FOR #BEEF EXPORTS; VOLATILITY REMAINS

The U.S. and China finalized protocol to allow American beef into China for the first time since 2003. Shipments will resume by July 16 at the latest. Meanwhile, beef supplies are short in advance of Independence Day, and production margins have swung to profitable levels. But extreme volatility in the cattle market still concerns the… read more

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#CANADA’S NO. 1

Canada has overtaken the U.S. as the top North American supplier of pork to China as farmers and meat packers in both nations battle for shares of the global market. Rising affluence is driving China’s voracious appetite for pork, including less desirable parts of the pig like feet, elbows and innards. At the same time,… read more

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OIL PRICES FALL TO LOWEST LEVEL SINCE 2004

Concerns about slowing economic growth, especially in China, are helping to drive the sharp drop in crude prices. The U.S. benchmark crude-oil contract tumbled 70 cents to $33.27 a barrel on the New York Mercantile Exchange.

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CHINA’S LIVESTOCK, FEED INDUSTRIES GROWING

China is now the world’s largest producer of livestock products and has also emerged as the largest manufacturer of animal feed, after nearly four decades of transitioning from a largely plant-based diet toward greater meat consumption.

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CHINA CORN CROP

The record corn crop China was counting on to sustain its huge pork habit is coming up short. Drought and late-season rains have stunted yields, according to the Daily Journal & Bloomberg.

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SET-ASIDES IN CHINA

China’s ruling Communist Party has for the first time proposed to let land lie fallow in some areas to ease pressure on exhausted water and land resources while grain stocks are near record levels, state media reported on Wednesday.

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PORK UPDATE

China, the world’s biggest consumer of pork, has agreed to resume imports of the meat from 14 U.S. plants and warehouses, ending restrictions that had been in place, in some cases for more than year.

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DEADLY SINS

China’s ruling Communist Party has listed golf and gluttony as violations for the first time as it tightens its rules to prevent officials from engaging in corrupt practices, Reuters reports.

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CHINESE PURCHASES

Contrary to reports that Chinese firms were buying or leasing millions of hectares of prime African farmland, Chinese investors have acquired only about 600,000 acres, according to a book published on Monday.

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CHINA AND ETHANOL

GROWMARK Energy says China has been increasing ethanol imports from both the U.S. and Brazil, but the volume has not been stable. It is believed they are using most of it to blend into gasoline.

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