There’s a really good video linked in one of the other threads that specifies the type of beef being imported(essentially beef sludge used as filler by fast food restaurants) and highlights a couple of other key points.
The two important ones are that Argentina consumes about 70% of its domestically produced beef and would never have this large of a surplus of beef byproduct in a short amount of time AND that the EU is banning Brazilian beef starting September 3rd due to antimicrobial and antibacterial contamination.
So, it’s likely that the fast food industry is getting cheap contaminated filler to keep margins high while the politicians can claim a win for grocery prices coming down - even though that won’t happen.
I’ll link the video if I can find it.
Here’s the video https://youtu.be/FB2scx_UmfI
I was not either and looked it up.
They’re referring to that corridor being one of the largest in terms of supply chain for the rest of the county.
A slow down in that supply chain is an indicator of weak retail demand.
I can’t quantify anything for you, but it sounds like another indicator that the stock market doesn’t actually represent how well ‘the economy’ is doing.