Importers in China “are operating with lower stock levels”

“The Chinese market currently has a number of variables in play—the main one being the trade war with Trump. At first, it drove prices up due to fears of supply shortages, but then prices fell again and stabilized at a level slightly higher than before, though below the peaks. Now we are in a more stable pricing environment,” said trader Daniel Castiglioni, head of Castitrading, who lived in China for several years working in the beef import business.