Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
    
   
   
   
   
   
   
   

Beef Buzz News


If Trade Rules for US Beef Are Relaxed in US-China Phase One Deal- Erin Borror Sees Mind-Boggling Trade Ahead

Tue, 07 Jan 2020 07:32:02 CST

If Trade Rules for US Beef Are Relaxed in US-China Phase One Deal- Erin Borror Sees Mind-Boggling Trade Ahead The US and China are a week away from the scheduled signing of the phase one trade deal announced by President Trump back in October of 2019.


According to President Trump, it's going to be huge for U.S. agriculture- perhaps forty billion dollars in sales annually. Erin Borror, Economist for the U.S. Meat Export Federation, says we're still waiting for details about exactly how the phytosanitary standards currently in place for U.S. beef into China may or may not change, "China is the big one that's still out there that we're anxiously awaiting those details. So hopefully, as President Trump tweeted the signing on the 15th, we'll see, but yes, we are on the edge of our chairs. As Ambassador Lighthizer has said, The other barriers, besides just tariffs, are supposedly addressed in this agreement. And there is yes, a long list of those barriers, facing our U.S. Beef. I would note that China imposes these barriers on all of its suppliers and our production system we're not really set up to produce versus South America where they don't use growth hormones anyway. They have traceability requirements because of FMD." Borror adds that while China has traceability requirements and more with most of their suppliers- the question is will some of the rules put in place when the President announced the Chinese market was back open to US Beef in 2018- will those rules be relaxed? Borror adds "So, if we get big changes in the market access conditions, SPS, or sanitary-phyto requirements, then, yes, it could be mind-boggling."


"The Chinese market has been on fire again this year, and imports are massive. They're the biggest importer in the world by far, and those numbers, $7.3, billion worth of beef imported January through November. We will have bought in the U.S. somewhere over $5 billion worth of beef coming into this country, and we used to be the biggest importer in the world. So itís been quite a shift into China. The U.S currently accounts for less than 1% of China's imports.


"So itís only upward potential for us, but again we're waiting for those details and including on what the retaliatory tariff situation will look like because that's also not really been forthcoming. Currently, the U.S. Beef pays 47% tariff into China. Australia is 5%, I think, through their free trade agreement. And so our base competitor pays, basically nothing compared to what already very high priced U.S. beef because of the production requirements pays into China."


The USMEF team has been hard at work at building relationships with China, and Borror said they are starting to see some interest in adding U.S. beef to their mix, "Yes, our China team, we kind of had to do some pep rallies over the past year, year and a half, because it was a bit depressing. Not only facing the retaliatory tariffs but just the massive uncertainty. Not knowing what tomorrow might hold, these duty rates for beef have been relatively constant, so we went about 25% retaliation in the summer of 2018, and then that just increased by another 10% this past September. So they didn't end up varying that much, but still, you had the uncertainty of not knowing whether the tariff may increase or go away tomorrow, so that's not healthy when you're buying very expensive product."


Click on the LISTEN BAR below to hear the complete interview with Erin Borror as she talks With Ron Hays.


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.



   

   

Ron Hays Beef Buzzes with Erin Borror of the US Meat Export Federation
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 

Beef News

  • Alisa Harrison Reminds Producers Their Beef is Still the Preferred Choice to be Found in the Meat Aisle  Wed, 22 Jan 2020 06:48:34 CST
  • Even With Growing Meat Supplies- Demand Has Stayed Strong as a New Decade Arrives  Tue, 21 Jan 2020 06:07:28 CST
  • Masters Of Beef Advocacy Program Helps Beef Producers be AgAdvocates for Their Industry  Mon, 20 Jan 2020 10:35:34 CST
  • Cattle Industry Will Provide Watchful Eye as US and Chinese Trade Officials Work to End Non Scientific Trade Barriers for US Beef  Fri, 17 Jan 2020 12:23:42 CST
  • NCBAís Kent Bacus Hopeful China May Soon Be a Billion Dollar Beef Market for US Producers  Thu, 16 Jan 2020 20:49:14 CST
  • OSUís Dr. Derrell Peel Says Preconditioning and Risk Management Are Tools to Help You Prosper in 2020  Wed, 15 Jan 2020 06:48:10 CST
  • Dr. Derrell Peel Sees Cattle Marketplace in 2020 Starting on a Positive Note  Tue, 14 Jan 2020 08:26:13 CST
  • When They Meet the Criteria of the Certified Angus Beef Program, Those Calves Are Worth More  Mon, 13 Jan 2020 05:35:18 CST
  • LMIC's Katelyn McCullock Previews the 2020 Cattle Inventory Report and Expected Beef Cow Numbers  Sat, 11 Jan 2020 10:43:26 CST
  • Oklahoma Cattlemenís Association is Ready to Roll up their Sleeves and Review Policy at their One Day Winter Policy Conference   Thu, 09 Jan 2020 07:10:54 CST
  • New Deal, New Opportunities for U.S. Beef in the European Market   Wed, 08 Jan 2020 06:33:06 CST
  • If Trade Rules for US Beef Are Relaxed in US-China Phase One Deal- Erin Borror Sees Mind-Boggling Trade Ahead  Tue, 07 Jan 2020 07:34:48 CST
  • USMEF's Erin Borror says Just Implemented US-Japanese Trade Deal Puts US Cattle Producers Back in the Game in Japan  Mon, 06 Jan 2020 10:20:59 CST
  • McDonalds Proud to be a Part of Continuous Improvement in Sustainability in the Beef Value Chain  Fri, 03 Jan 2020 12:28:31 CST
  • It's a Great Resolution for 2020- Resolve to Tell Your Beef Cattle Story to Consumers Via Social Media  Thu, 02 Jan 2020 16:36:26 CST

  •  

    Beef Buzz Archives

    Old Archives  |   2010  |   2011  |   2012  |   2013  |   2014  |   2015  |   2016  |   2017  |   2018  |   2019  |   Jan 20  |   Feb 20  |   Mar 20  |   Apr 20  |   May 20  |   Jun 20  |   Jul 20  |   Aug 20  |   Sep 20  |   Oct 20  |   Nov 20  |   Dec 20
       

    Ron salutes our daily email sponsors!

    Oklahoma City Farm Show KIS FUTURES, INC. Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.