According to The Kobeissi Letter, China cancelled approximately 12,000 metric tons of US pork shipments last week, marking the largest cancellation since the 2020 pandemic. This significant reduction has driven overall US pork export sales to their lowest level in years, signaling a sharp decline in global demand and impacting commodity markets. Traders should note this trend as it may influence US pork futures prices and related agricultural stocks, with potential bearish sentiment prevailing in the near term (source: The Kobeissi Letter, April 28, 2025).