Erinwltr
Gold Member
- Feb 8, 2018
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Perhaps. Will be interesting to see. Too bad the Brits didn't decide say in the EU.The Brits are too smart to buy american meat product....they know our food is compromised, heck they see trump rallies and all the hippos in there...most jobless and obese.Donald Trump has permanently damaged the agricultural industry with his trade war. The effects will translate into economic death for some rural communities as the lack of economic activity dries up jobs.
It appears the soybean market might already be lost for US farmers based on historical precedent with loss of chicken exports to Russia.
But, on the bright side, Trump might be able to lean on Boris Johnson to get British to eat more US chicken if they eventually accept chlorinated chicken, and if it is actually competitive with other suppliers.
In the meantime, Donald Trump has spent more on subsidies to farmers than was spent on the auto industry bailout of 2008-9 which was eventually mostly paid back by the auto industry. Fat chance that farmers will ever pay back because the sustainability of the industry has deteriorated since the trade war.
Thank you Donald Trump.
U.S. Soybean Exporters Might Find Painful Lesson In Chicken Exports To Russia After 2014 Ukraine Invasion
U.S. Soybean Exporters Might Find Painful Lesson In Chicken Exports To Russia After 2014 Ukraine Invasion
Ken Roberts
If U.S. soybean exporters want a glimpse of their future in China, they might consider what has happened to the U.S. chicken export market after the 2014 Russian invasion of Ukraine.
It disappeared.
This is the risk of the U.S.-China trade war to not only the soybean industry but a number of targeted industries, including oil and lumber.
While there are some differences between the Chinese and Russian cases, there are also striking similarities.
In both cases, the United States was the dominant export market.
As recently as last year, China was buying as much as 57% of U.S. soybean exports. Russia, while not as dominant a market for U.S. poultry exporters, ranked first from 2003 to 2009 and was a leading market through 2013.
In August of last year, Chinese imports of U.S. soybeans dropped to 2% of the U.S. export market. While they recovered to 54% in August of this year, they dropped to 25% in September, the most recent U.S. Census Bureau data available.
...
U.S. soybean exports had followed a regular pattern for years, with surges in October and November -- until this year, as the effects of the U.S.-China trade war took hold.
U.S. soybean exports had followed a regular pattern for years, with surges in October and November ...
As for Russia, since 2013, it has not purchased any poultry from the United States. None. The global U.S. poultry export market has yet to fully recover. ...