China has been a big part of the market turmoil over the last several weeks.
Analyst Mike Zuzolo says many traders are operating under the belief that a deal will soon be reached. However, he is not so sure, saying that the people President Trump has chosen to negotiate trade with have their hearts in rural America.
“Almost all of them come from the same background of the middle part of the country and have seen their towns or cities hollowed out, manufacturing hollowed out, and I think the proof is in the pudding at this point of what he’s willing to do, even if it means, as he would say, short-term pain for long-term gain.”
Related Stories
Expect incremental near-term lift for feed grains, proteins, and ethanol as tariff cuts and smoother approvals translate into real orders.
Cattle markets are collapsing this week, and analysts say that several factors are at play. Consumer beef prices also remain near all-time highs, threatening long-term demand.
If confirmed, early Chinese buys tighten nearby Gulf/PNW capacity and could bump basis in export-oriented regions.
Trade pacts with Malaysia and Cambodia unlock tariff-free and preferential lanes for key U.S. farm goods, expanding long-term demand in Southeast Asia.
The idea of buying more beef from Argentina does not sit well with much of farm country, raising some questions from analysts and producers.
Shaun Haney, Host of RealAg Radio, discusses President Trump’s move to halt trade talks with Canada and Mexico over a commercial about tariffs launched by the Government of Ontario.
