On Saturday, August 31, 2019 at 1:33:46 PM UTC-7, wrote:
On Saturday, August 31, 2019 at 2:57:34 PM UTC-5, AMuzi wrote:
I see in today's paper that pork in Beijing moved from 18
yuan/kilo to 32 this year and rising on trade limits and
swine flu (weigh that out - both are factors). That's really
nice for Iowa.
Open every day since 1 April, 1971
Not really. Pork is down 50% since April. And current price is about equal to what it was one year ago. So despite swine flu and other problems, pork has stayed the same for one year. China is just doing without meat and/or buying it from other parts of the world. I suspect the pork market, as well as the soybean business that has moved to Brail and Argentina, will never return to the USA. Its gone forever.
Let's not forget that China bought an American supply chain. https://www.reuters.com/article/us-u...-idUSKCN1NL2BZ
Welfare for Chinese companies. You can't make this stuff up.
-- Jay Beattie.