War on Chinese Consumers China’s National Grain & Oil Information Centre (CNGOIC) is honest and forthright as it reported this week that soymeal prices have surged on fears of an escalating U.S.-China trade war. The graphs below document the rise in soybean and soymeal prices. The result is that farmers have reduced their use of meal, which will adversely impact the production of China’s most important source of protein – pork. Chinese consumers are lamenting the prospective loss of other imports from cheap wheat flour to Harley Davidson motorcycles, but nothing risks greater political backlash in the Middle Kingdom than messing with pork consumption.

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