Between tariffs and speculation, China “deflates”

Downward pressure on China’s purchase prices extended beyond Brazil over the past week, according to several agents speaking with World Beef Report (WBR). An Argentine trader said the market is “very much on standby” awaiting tariff news but admitted it has “deflated.” “I’m not sure if this softening is because we had reached very good relative price levels or if it’s exclusively due to the tariffs (announced by the U.S. on Brazil),” he added.