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Cattle futures gain more than $3 this week | Weekly Livestock Market Update​

May 9, 2025 #cattle #futurestrading #agriculture
In this week's video, Brownfield's Meghan Grebner and University of Kentucky's Kenny Burdine talk trade and risk protection.


24:38
 
^^^^^^^
The tweet I posted above may not be accurately describing what's happening.

US-China talks resume as Trump hails 'total reset' in trade relations​

Talks between top US and Chinese officials resumed for a second day Sunday, after US President Donald Trump voiced optimism over the negotiations aimed at de-escalating trade tensions sparked by his aggressive tariff rollout.

In a Truth Social post following a first day of talks in Geneva on Saturday, Trump praised the "very good" discussions and deemed them "a total reset negotiated in a friendly, but constructive, manner".

Earlier, Chinese state news agency Xinhua also described the talks in Switzerland as "an important step in promoting the resolution of the issue".

The second day of closed-door meetings between US Treasury Secretary Scott Bessent, Trade Representative Jamieson Greer and Chinese Vice Premier He Lifeng resumed shortly after 10 am (0800 GMT) Sunday.

More:

https://www.msn.com/en-us/news/worl...S&cvid=03be5c17118f469bbad103c862113343&ei=40
 

Dow futures jump over 800 points as U.S.-China agree to cut tariffs: Live updates​

U.S. stock futures jumped early Monday after the U.S. and China agreed to temporarily slash tariffs following negotiations over the weekend in Switzerland.

Nasdaq futures pointed to a 3.37% gain, with the S&P 500 futures higher by 2.49% and Dow up by 808 points, or 1.95%.

U.S. Treasury Secretary Scott Bessent said on Monday that talks with China had been “very productive” and both countries had agreed to cut “recipricol” tariffs by 115% for 90 days. That brings U.S. tariffs on Chinese goods down to 30%, and Chinese tariffs on U.S. imports to 10%.

More:

 

Take Five: The deal is on​

LONDON, May 12 (Reuters) - As global growth worries deepen, the coming days could be defined by relief if further U.S. trade deals come through - with focus on China - or more pessimism if disappoint.

U.S. President Donald Trump heads to the Middle East, Asian currencies are on the rise, and Germany's new leader just got off to a wobbly start.

Here's your heads-up on the week ahead in financial markets from Amanda Cooper, Karin Strohecker and Dhara Ranasinghe in London, Rae Wee in Singapore, and Lewis Krauskopf in New York.

More:

 

Is the Trade War Over? | Port and Tariff Update as of May 12, 2025​

May 12, 2025 #supplychain #containers #tariffs
In this episode, Sal Mercogliano — a maritime historian at Campbell University (@campbelledu) and former merchant mariner — discusses the negotiations between the US and China and the decision to lower tariffs on Chinese imports to 30% for 90 days


21:49

- Marine Traffic marinetraffic.com
- Port of Los Angeles: Signal Port Optimizer https://signal.portoptimizer.com/
- IMF Portwatch portwatch.imf.org
- US and China agree to slash tariffs https://splash247.com/us-and-china-ag...
- Zero ships from China are bound for California’s top ports. Officials haven’t seen that since the pandemic https://www.cnn.com/2025/05/10/busine...
- Tariffs to reduce US imports by 20% in May-September, predicts NRF https://www.lloydslist.com/LL1153420/...
 

On Middle East tour, Trump touts US tech to power post-oil future​

US President Donald Trump didn’t show up empty-handed on the first international trip of his second term. Joining him in Saudi Arabia were almost three dozen CEOs of America’s biggest companies, including Big Tech giants that signed $600 billion worth of deals.

They brought some of the most coveted must-haves of the global economy: artificial intelligence (AI) chips that will power the Middle East’s biggest tech infrastructure projects, which are seen as crucial to securing the region’s post-oil future.

More:

https://www.msn.com/en-us/news/worl...S&cvid=183bd57e478645b4bcd005de3c8c2ea0&ei=34
 
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