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Chinese demand forecast down for soybeans and up for pork
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Abomb
Posted 4/13/2019 10:36 (#7437033 - in reply to #7436952)
Subject: RE: Bigalbert, Kooiker, Abomb, johnny


I’ve been wondering about the whole export sales/shipments thing, I’m not real clear on it. So we sold them a massive amount of pork, but at what price? And when will they actually take it? Is that sale reflected in the cutout value now, or when the shipment is made. It doesn’t look like the shipments have reflected it yet in a real huge way. Is it going to be like other sales in the past where then they decided it was contaminated with fairy dust and reject it? I don’t know, I’m trying to stay optimistic but I can’t get to bullish as long as they still have a tariff on us. How high can we really get when they have another 62% tariff on top of it. I mean we made a deal with Mexico 6 months ago and there’s still a tariff on our pork there too. By the looks of it that deal probably isn’t actually going to get past the dems anyways even if the other two countries passed it. So I sit here wondering how long China will have one on us too. I like spaghetti and meatballs, if hamburger was $10/lb I’d still have spaghetti but there would be a lot less meatballs. They aren’t going to replace all of the meat production they lost. As the price goes up, consumption will go down.
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