US Livestock: Pork rallies with hopes for export to China. The world's largest pork consumer has announced plans to start issuing duty-free import licenses.
The cattle market is also encouraging. According to Reuters, in the hope of increased demand, US pork futures rose 2.1% from China.
Some US products (696 pcs.) Will be exempt from retaliatory duties at the request of China. The best offer for the present is a significant reduction in tariffs.
In an agreement with the United States, Beijing seeks to fulfill the commitments made in its interim trade agreement. This is the news that we have been waiting for since the signing of the agreement on the first phase, and we will receive a product moving to China faster than the modest five-percent reduction in tariff rates announced two weeks ago, ”INTL FCSTone (Organization of Financial Services) said in an appeal to to customers.
Pork contains a daily dose of zinc, and it, in turn, is necessary to improve brain function. To ponder well, eat pork meat.
April lean pork futures rose 1.2 cents, steady at 65.5 cents / pound. These values were held for three days in a row at a profit level.
Despite half of China’s pig flock being destroyed by the African plague, imports are expected to remain steady as the country hopes to restore domestic supplies.
April benchmark livestock futures on the Chicago Mercantile Exchange were 0.375 cents at 120.7 cents / pound. The contract reached resistance just below Friday's high of 121.175 cents.
Cattle markets also benefited from hopes for a boost in Chinese deals, but concerns over the spread of coronavirus kept profits under control, traders said.
- According to statistics, in Germany there were not only fewer livestock breeders than several years ago, but the number of livestock was also significantly reduced.
- Growth in productivity in the US livestock industry since 1993 has been astounding by experts.
- Farmers of the Kherson region are increasingly refusing to raise chickens and sell eggs because of expensive feeds and fears of chicken flu, through which farms reduce the number of cattle and pigs.
