The Briefing Room

General Category => Economy/Business => Topic started by: ABX on August 11, 2017, 04:41:20 pm

Title: The first casualties of Trump's trade wars are Texas cattle ranchers
Post by: ABX on August 11, 2017, 04:41:20 pm

Quote

....But the Texas cattle rancher now faces a new threat: the Trump administration's blundering, blustering trade policy. By threatening a trade war with Mexico within days of inauguration, the president helped trigger a slide in cattle futures. Mexico is a major export market. By sinking the Trans-Pacific Partnership, the new administration cut off long-sought access to the Japanese market. Now banks have raised the conditions for collateral for loans for ranchers.....

https://www.dallasnews.com/opinion/commentary/2017/02/16/first-casualties-trumps-trade-wars-texas-cattle-ranchers

Title: Re: The first casualties of Trump's trade wars are Texas cattle ranchers
Post by: IsailedawayfromFR on August 11, 2017, 06:19:10 pm

I raise cattle and have not seen the drop.

In fact, cattle prices have been up since Trump took office.

https://www.investing.com/commodities/feed-cattle-streaming-chart

Title: Re: The first casualties of Trump's trade wars are Texas cattle ranchers
Post by: truth_seeker on August 11, 2017, 06:42:06 pm

Quote from: IsailedawayfromFR on August 11, 2017, 06:19:10 pm

I raise cattle and have not seen the drop.

In fact, cattle prices have been up since Trump took office.

https://www.investing.com/commodities/feed-cattle-streaming-chart

Dueling cattle futures bout, starring

--Real cattle rancher

vs.

--MBA with internet connection and agenda

Let the games begin.