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China canceled 12,000 metric tons of US pork orders in the week reported April 24, the largest cancellation since 2020. Chinese retaliatory duties bring the total tariff on US pork to about 172%, and US pork export sales fell to their lowest since October.
Loss of China as an export outlet adds pressure to US pork and hog prices, as domestic supply must absorb product that would otherwise be exported.
nationalhogfarmer.comBloomberg2025年5月1日在过去 123 次看跌的贸易事件之后，生猪(瘦肉型) 在 5 个交易日内中位数变动 -0.4%（43% 上涨；中间一半区间为 -2.9% 至 +2.0%），20 个交易日内为 -0.2%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
China's cancellation of US pork orders and its roughly 172% tariff cut export demand, but this was already known by May 1, so it is more likely background than a driver of the rally in the week ending May 15.
