Argetina Ranchers looking to China

[hurleyjd]

https://www.yahoo.com/news/argentina-ranchers-kill-fatted-cow-102938868.html

We sold to China at one time do we still have a market for beef in China? About the same as a starving farm family eating up the seed saved for the next crop.

 

[ALACOWMAN]

Their selling em to the local slaughter house who processes them..and they sell to China.. Sounds Like here, still losing money right at home..

 

[TennesseeTuxedo]

And selling quite a few of prime breeding age cows to boot. Not a good business plan for the long term but it sounds like they are in a cash crunch and credit is nonexistent.

 

[True Grit Farms]

Why does high interest rates matter if your making money on your product? Something sounds fishy to me. I'd welcome higher interest rates again like what I paid on my first house loan.

 

[Stocker Steve]

Everybody looks to sell to the huge China market. No news there.
Argentina government and economy has been a mess for ninety years or so. No news there.
Argentine cow herd has been culled hard for decades. Growing more soybeans (for China) is a major reason. No news there.


Issue is China culled about half their hogs recently due to swine flu but have a big tariff on our pork. So they are looking for other cheap meat - - chicken or nasty cull cow cuts. When we call a truce in the trade war there should be an increased demand for cheap American cuts, but China won't need much feed grains imported since they culled half of their hogs...