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Chicken wars from the early 60's to soybeans today
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OSUBucks
Posted 6/16/2018 15:00 (#6816060)
Subject: Chicken wars from the early 60's to soybeans today


Basically Europe banned or put a tariff on chicken imports in 1961-62 leading to a 1 year drop of 25%, then eventually to about a 50% that held for the next 10 years before rebounding. This is what I think compares to the soybeans vs China things the most.
Also below is a chart I made showing total broiler exports during that time from the US. All of the decline was from Europe which made up 50% of the market, about like soybeans today with China.

From Wikipedia-
Largely because of post-World War II intensive chicken farming and accompanying price reductions, chicken, once internationally synonymous with luxury, became a staple food in the U.S.[10] Prior to the early 1960s, not only had chicken remained prohibitively expensive in Europe, it had remained a delicacy.[11] With imports of inexpensive chicken from the U.S., chicken prices fell quickly and sharply across Europe, radically affecting European chicken consumption.[11] In 1961, per capita chicken consumption rose up to 23 percent in West Germany.[11] U.S. chicken captured nearly half of the imported European chicken market.[11]

Subsequently, the Dutch accused the U.S. of dumping chickens at prices below cost of production.[11] The French government banned U.S. chicken and raised concerns that hormones could affect male virility.[11] German farmers' associations accused U.S. poultry firms of fattening chicken artificially with arsenic.[11]

Coming on the heels of a "crisis in trade relations between the U.S. and the Common Market,"[11] Europe moved ahead with tariffs, intending that they would encourage Europe's post-war agricultural self-sufficiency.[12] European markets began setting chicken price controls.[11] France introduced the higher tariff first, persuading West Germany to join them—even while the French hoped to win a larger share of the profitable German chicken market after excluding U.S. chicken.[3] Europe adopted the Common Agricultural Policy, imposing minimum import prices on all imported chicken and nullifying prior tariff bindings and concessions.

Beginning in 1962, the U.S. accused Europe's Common Market of unfairly restricting imports of American poultry. By August 1962, U.S. exporters had lost 25 percent of their European chicken sales.[11] Losses to the U.S. poultry industry were estimated at US$26–28 million[3] (over US$210 million in 2014 dollars).

Senator J. William Fulbright, chairman of the Senate Foreign Relations Committee and Democratic Senator from Arkansas, a chief U.S. poultry-producing state, interrupted a NATO debate on nuclear armament to protest trade sanctions on U.S. chicken,[3] going so far as to threaten cutting U.S. troops in NATO. Konrad Adenauer, then Chancellor of Germany, later reported that he and President John F. Kennedy had a great deal of correspondence over a period of two years, about Berlin, Laos, the Bay of Pigs Invasion, "and I guess that about half of it has been about chickens."[3][11]





(chicken ex (full).jpg)



(us exports to china soy (full).jpg)



Attachments
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Attachments chicken ex (full).jpg (52KB - 39 downloads)
Attachments us exports to china soy (full).jpg (50KB - 47 downloads)
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