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Tag Archives: China

FARMERS: ‘LET’S HOPE THIS IS A WAR OF WORDS’

Concern, fear, and uncertainty describe the feelings of many midwestern farmers attempting to predict their own futures facing potentially costly tariffs as China’s response to a trade war sparked by President Trump. (Crain’s Chicago Business)

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CHINA RETALIATION

#China imposed tariffs on a range of U.S. goods, following through on a promise to retaliate against the Trump administration’s penalties on imports of Chinese steel and aluminum. The tariffs include penalties of 25 percent on pork. (New York Times)

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#PORK WORRIES

#Illinois pork producers are concerned about a proposed 25 percent Chinese tariff on American pork imports. It would be bad news for Illinois, which is the fourth-largest pork producing U.S. state and China’s second largest pig market. (Illinois News Network)

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#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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