Remember those heady days a short few years ago when China resolved to punish Australia for its abject rudeness in suggesting there should be a UN investigation into the origins of covid. And by spreading the unofficial word they effectively halted imports of Australian beef, lobster, wine, wood and other commodities. Well, the US is facing a loss of $3B of exports of beef and other meats to China as licenses for import to China by meat processors are not being automatically renewed, as historically has occured. By the end of this month Australian meat producers will be the new flavour of Chinese imports. Companies like Australian Agricultural Company, whose share price has already risen 10% since mid February, will benefit.
It means of course as export values increase domestic prices will follow, so best restock your freezers if your in South East Queensland and you lost power these last few days.
Thank you President Trump if your running cattle for a living in Australia. Good times are upon you.
If only I had listened to the prophecies I might have had some spare cash to consider a response!
Not held in RL and SM.