Your Pro Farmer newsletter (April 12, 2025) is now available

It was another crazy week of action on the tariffs front. President Donald Trump enacted reciprocal tariffs on U.S. trading partners, only to announce a 90-day pause shortly thereafter – aside from China. Instead of showing a willingness to negotiate, Beijing took a hardline stance, which led to an escalation of tariffs on both sides. Trump’s tariffs on Chinese goods now stand at 145%. The EU will delay for 90 days implementation of its counter tariffs against U.S. duties but is prepared to proceed if negotiations don’t go well. Many other countries have shown a willingness to negotiate. Grains absorbed the tariffs news and extreme volatility in other markets relatively well. Livestock markets were hit by concerns the Chinese market is now virtually shut off to U.S. meat exports due to tariffs and given recessionary concerns with trade disruptions. USDA’s April Supply & Demand Report featured bigger-than-expected cuts to corn and soybean ending stocks, especially for corn. We cover all of these items and much more in this week’s newsletter, which you can download here.