U.S. to benefit from expanded export opportunities to Hong Kong.
The National Cattlemen’s Beef Association appreciates the efforts of the Administration on the announcement that Hong Kong has fully reopened its market for U.S. beef.
Hong Kong authorities on Thursday suspended meat imports from a Brazilian exporter and two producers on suspicions that health certificates had been falsified for 10 shipments of frozen chicken feet and livestock offal.
It’s a weeknight in Hong Kong, and gaggles of guys from the finance world are gathering to tuck into the latest food craze. Not ramen or sushi or Peking duck: juicy bacon cheeseburgers.
The beef export market remains on an upward trend while pork exports are down slightly.
Retail beef prices are the highest ever in the U.S., and the wholesale cost of the meat is up 26 percent in 2014.
The rapid growth in Chinese beef imports has dramatically altered global beef flows with several countries now exporting a significant share of total exports to China.
The recent USDA release of the December livestock trade data puts a bow on cattle and beef trade for 2018.