China Cancels US beef contracts!! This is great!

[justoffal]

Theoretically this should drop the price of beef by a pretty good margin!

The net was full of bullshit stories about tariffs. This has nothing to do with that.
Last year they had an oversupply imported and harmed their own domestic industries so they decided to slow on the imports.

https://www.reuters.com/markets/commodities/chinas-customs-suspends-import-beef-products-brazil-argentina-uruguay-2025-03-03/

 

[excalibur]

New York strip steaks $2.99 a pound incoming?

And the hell with Texas, the cut was developed in NY, probably at Delmonico's.

 

[TheGreatSatan]

China will eat the bugs

 

[jwoodie]

I prefer corn fed beef.

 

[ElmerMudd]

Theoretically this should drop the price of beef by a pretty good margin!

The net was full of bullshit stories about tariffs. This has nothing to do with that.
Last year they had an oversupply imported and harmed their own domestic industries so they decided to slow on the imports.

https://www.reuters.com/markets/commodities/chinas-customs-suspends-import-beef-products-brazil-argentina-uruguay-2025-03-03/

Lower prices for the US consumer but bad for the US cattle industry.

the MAGA minions see the possible benefit of Trumps irradic moves but they are clueless to what it will cost Americans.
Trump is not elected without clueless people.

 

[Missourian]

Lower prices for the US consumer but bad for the US cattle industry.

the MAGA minions see the possible benefit of Trumps irradic moves but they are clueless to what it will cost Americans.
Trump is not elected without clueless people.

Your voice is muffled when you talk out of your ass...

Weekly Feeder Cattle Prices by State Cattle Range

April 12, 2025 - Weekly Feeder Cattle Prices by State… Comprehensive Cattle Market Information & News

www.cattlerange.com

 

[Rawley]

I prefer corn fed beef.

Corned beef for me. I have 15lbs brining right now.

 

[ElmerMudd]

Your voice is muffled when you talk out of your ass...

Weekly Feeder Cattle Prices by State Cattle Range

April 12, 2025 - Weekly Feeder Cattle Prices by State… Comprehensive Cattle Market Information & News

www.cattlerange.com

That chart means nothing. Let's see the chart a few weeks after China implements their boycot .

 

[justoffal]

China will eat the bugs

Believe it or not it's the purest source of protein on Earth. It just doesn't sit well with us.

 

[justoffal]

Lower prices for the US consumer but bad for the US cattle industry.

the MAGA minions see the possible benefit of Trumps irradic moves but they are clueless to what it will cost Americans.
Trump is not elected without clueless people.

If the best the cattle industry can do is eight bucks a pound for a piece of tough steak they need some kind of a comeuppance anyway.

Local ordinances unfriendly to cattle farming are the main culprit here not supplying demand. This will however create a glut that will benefit the consumer.

And the real world capital consumption adroit businessman will find a way to thrive without ripping off the consumer.


At least China was smart enough to realize they need to turn in with and depend on their own homegrown agricultural products.

 

[Cellblock2429]

Theoretically this should drop the price of beef by a pretty good margin!

The net was full of bullshit stories about tariffs. This has nothing to do with that.
Last year they had an oversupply imported and harmed their own domestic industries so they decided to slow on the imports.

https://www.reuters.com/markets/commodities/chinas-customs-suspends-import-beef-products-brazil-argentina-uruguay-2025-03-03/

/——/ Good.

 

[g5000]

Theoretically this should drop the price of beef by a pretty good margin!

Actually, it will case cattle ranchers to lose their asses and scream for a bailout.

Just like farmers are doing right now.

 

[Scoutster]

If steak prices go down I’m good with it.

 

[ElmerMudd]

If steak prices go down I’m good with it.

Taking advantage of hardworking ranchers. But we move more product manufacturing to the USA we will pay more. USA wages are much higher than in other parts of the world. But maybe staeks will be one of the few products that will go down in price.