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Most immediately this is the result of the trade war with China. The government has been pumping tens of billions into the agg industry. But most of this mone
by mywittyname 7y ago
Most immediately this is the result of the trade war with China. The government has been pumping tens of billions into the agg industry. But most of this money is funneled to the big players to keep them from complaining too much, and it does nothing for the supply-side. So the small/mid tier producers have been hit especially hard.
It could be that long term trends were headed this direction anyway, but the trade war has been devastating to the industry.
- x86_64Ubuntu 7y agoHow would the trade war with the Chinese bring this about? Asians are generally lactose intolerant.
- waffle_ss 7y agoIt's really not despite some popular papers covering that angle. Milk prices have been in a long downward trend long before Trump as dairy farms continue to consolidate into megafarms and vertically integrate.