Australian grain-fed beef exports to China are surging as the trade war with the US escalates, but some are warning of a bigger, more worrying picture.
The article highlights several key points to explain why the U.S. both imports and exports beef:
Market Efficiency: Markets function to maximize the value of products and use resources efficiently. This means producing goods where it is most cost-effective and meeting demand where it is highest.
Supply and Demand Balance: The U.S. imports beef to meet domestic demand for specific types of beef that are not produced in sufficient quantities locally. Conversely, it exports beef to capitalize on international markets where certain U.S. beef products are highly valued.
Consumer Preferences: Different markets have varying preferences for beef types. By engaging in both import and export activities, the U.S. can cater to diverse consumer tastes both domestically and internationally.
Resource Optimization: Importing and exporting allow the U.S. to optimize its production processes. For example, the U.S. might import lean beef for ground beef production while exporting high-quality cuts that fetch better prices abroad.
Global Competitiveness: Participating in global trade helps the U.S. beef industry remain competitive. It ensures that the industry can adapt to changes in supply and demand, maintain market share, and support economic growth.
These factors collectively contribute to a robust and flexible beef industry in the U.S., benefiting both producers and consumers.
Beef gone get cheaper in America??? I could go for a ribeye!
Nah it’s not going to get cheaper. Your imports on beef have been higher than the exports.
For some reason your country chose to export a lot of beef while also importing a lot of beef.
Let’s see…
https://www.beefmagazine.com/cow-calf-operation/why-does-the-u-s-both-import-and-export-beef-
The article highlights several key points to explain why the U.S. both imports and exports beef:
Market Efficiency: Markets function to maximize the value of products and use resources efficiently. This means producing goods where it is most cost-effective and meeting demand where it is highest.
Supply and Demand Balance: The U.S. imports beef to meet domestic demand for specific types of beef that are not produced in sufficient quantities locally. Conversely, it exports beef to capitalize on international markets where certain U.S. beef products are highly valued.
Consumer Preferences: Different markets have varying preferences for beef types. By engaging in both import and export activities, the U.S. can cater to diverse consumer tastes both domestically and internationally.
Resource Optimization: Importing and exporting allow the U.S. to optimize its production processes. For example, the U.S. might import lean beef for ground beef production while exporting high-quality cuts that fetch better prices abroad.
Global Competitiveness: Participating in global trade helps the U.S. beef industry remain competitive. It ensures that the industry can adapt to changes in supply and demand, maintain market share, and support economic growth.
These factors collectively contribute to a robust and flexible beef industry in the U.S., benefiting both producers and consumers.
This makes sense. There are many many many different types of beef. The beef we don’t value might get cheaper I guess.
Basically, while you’re alone. We all have eachother ☺️
Have a great time