World News

50069 readers

2297 users here now

A community for discussing events around the World

Rules:

Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world

Recommendations

How to spot Misinformation and Propaganda

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

Consider including the article’s mediabiasfactcheck.com/ link

founded 2 years ago

MODERATORS

NewsAutoMod@lemmy.world

jordanlund@lemmy.world

Tenthrow@lemmy.world

little_cow@lemmy.world

lemmyAtom@lemmy.world

400

Under Trump, US cedes its share of China's beef market to Australia (www.reuters.com)

submitted 13 hours ago by MicroWave@lemmy.world to c/world@lemmy.world

62 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] The_v@lemmy.world 3 points 8 hours ago

Missed a big one.

The U.S. is mostly a net importer of beef. The herd size normally does not satisfy the market and it requires significant imports to make up the difference.

The U.S. herd size is cyclical and historically relatively easy to predict. So producers/exporters/importers had a good guess roughly a year or more in advanced when prices would climb or fall.

https://www.ers.usda.gov/topics/animal-products/cattle-beef/sector-at-a-glance

Toss in some dumbass who fucks up trade with tariffs and the exporting counties can no longer predict the market. Then TACO happens or doesn't happen at random. Uncertainty in the market trend means that producers are unwilling to increase their herd size to adapt, anywhere.

The safest bet is to sell down their herd size at the high prices to capture the margin now. Then maintain a smaller herd for the duration of the uncertainty.

Dairy farmers are pretty much the only ones that are doing quite well right now. Feed inputs are low, butcher prices for their cows is high and sexed semen means they can cross 1/2 their herd with beef breeds to maximize their profit. Day old 1/2 bred calf's are selling for astronomical prices right now. Selling off their herd and retiring early is a viable option right now as well.