Agricultural News
Regarding China's Beef Market, the Opportunity Looks Promising but Expect Some Growing Pains
Wed, 24 May 2017 11:37:03 CDT
This week, the United States Meat Export Federation is holding its spring conference in Arlington, Virginia. USMEF Sr. Vice President for the Asia-Pacific Joel Haggard is there, just back from a food conference in China, and he told Ron Hays, Radio Oklahoma Ag Network farm director, that he's excited about the prospect of getting the Chinese market opened to US beef once again. But he says right now, there are still a lot of unknowns when it comes to the details of the deal being negotiated.
"Last week at this annual trade show, there was intense buying interest," Haggard reported. "But without having the details of the protocol, it's very difficult for our exporters to talk about prices."
Haggard says the price factor will be very important once the deal is done, but he says without the details, it is tough to really gauge the export opportunity there. Looking at the short and long term though, Haggard believes the US will eventually find a solid foothold.
"I'm confident on the demand side, but it's going to be a tricky start," he said. "I think it's going to be a slow start, but long-term, I think it looks very promising."
Listen to Haggard talk about his recent trip to China as he explains his impression of the potential market opportunities there with Farm Director Ron Hays, on today's Beef Buzz.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for today's show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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