Oklahoma Farm Report – Just How Important would Market Access to China be for US Beef Exports and the Global Markets?

Mondays, Dr. Derrell Peel, Oklahoma State University Extension Livestock Marketing Specialist, offers his economic analysis of the beef cattle industry. This analysis is a part of the weekly series known as the “Cow Calf Corner” published electronically by Dr. Peel and Dr. Glenn Selk. Today, Dr. Peel examines just how important access to China’s market might be for U.S. beef exports, as hinted to by China’s government recently.”In the fall of 2016, the Chinese government indicated a willingness to open China to U.S. beef. Although talks have been ongoing, no agreement has been reached on protocols for U.S. beef to move into the Chinese market. The Trump administration recently reaffirmed that talks will continue under the new U.S. administration. There is no indication of when such access might be realized or what conditions or restrictions will be attached to that access. Questions of traceability and use of beta agonists and other technologies are likely to factor into U.S. access to Chinese beef markets. Just how important might China be for U.S. beef exports?

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