(Bloomberg) -- U.S. soybean farmers are concerned at the prospect of retaliatory trade measures from China, which has become the biggest buyer of American bulk farm products. But there’s already one category of U.S. agricultural goods that China is buying less of: lightly processed, or "intermediate" items that lie between raw commodities and finished consumer products. That’s mainly due to China’s shunning of U.S. Distiller’s Dried Grains, an ethanol byproduct fed to cattle, and falling demand for animal hides. China, the biggest buyer of intermediate farm goods in 2015, now lags behind Mexico and Canada.
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