Uncertainty in meat market over Trump's victory

11.11.2016
The Asian and US industries have reacted with mixed sentiment to the future of meat exports from the US following Donald Trump’s victory in the US elections. On both ends of the globe, analysts, producers and meat industry professionals remain cautious based on Mr Trump’s views towards free trade. While on the campaign trail, he said he would scrap the Trans-Pacific Partnership (TPP) and seek to negotiate with individual countries to better ensure fair unilateral trade agreements.
 
Colin Woodall, senior vice president of government affairs for the National Cattlemen’s Beef Association (NCBA) told Meatingplace: “TPP is our No. 1 ask. We’re losing USD 400,000 a day without it.” If the US stalls in this area, the market share is quite likely to be taken up by Australia, New Zealand and the EU, throwing US grain and meat producers into a quandary with excess supply.
 

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