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.
Yes I read this previously. But it changes nothing, a literal handful of agriculture conglomerates control any one Market whether it is beef or pork or chicken, have been squeezing farmers, and ranchers as the case may be, and fixing prices in illegal trusts that the United States no longer enforces against because captured courts and regulators.