reuters.com
www.reuters.com

Australian beef has replaced U.S. supply in China since Donald Trump returned to the White House, funnelling hundreds of millions of dollars that have in previous years gone to the U.S. cattle industry into Australian pockets.

U.S. shipments to China, worth around $120 million a month, collapsed after Beijing in March allowed permits to expire at hundreds of American meat facilities and as Trump unleashed a tit-for-tat tariff war.

Other U.S. farm exports to China, the world’s biggest food importer, have also suffered since Trump retook power. On soybeans alone, U.S. farmers have lost out on shipments worth billions of dollars during the current harvest season.

  • Cassanderer@thelemmy.clubEnglish
    182·
    3 days ago

    It won’t though because supply and demand are not equal countervailing forces, all of supply is controlled by a literal handful of agribusiness conglomerates. The ranchers themselves are being squeezed for decades now, the three large Meat Packing houses on the other hand are making money hand over fist.

    Prices are high because of price fixing, because of illegal trusts that the government has not enforced for decades. It worked with eggs, as long as they have someone to blame it on.

    • shalafi@lemmy.worldEnglish
      23·
      3 days ago

      Egg production is a different story. You want cheap eggs? Then we have to factory farm. Once bird flu gets loose in these monster facilities, they have to cull every bird. Couple of years back when egg prices were crazy, they had culled over 50 million birds.