EPISODE 75 DETAILS

Beef Sales To China Plummet

March 2025 Showed A Dramatic Drop Is Beef Sales To China

• New data from the USDA revealed steep declines in beef sales to China following the expiration of trade licenses.

• According to USDA/FAS data collected by USMEF, beef net sales to China for March 7-13 “plummeted” 92% from the previous week, and for March 14-20, they fell 97%. Overall through March 20, beef net sales to all countries are 43% lower than the previous four-week average.

• Additional analysis from Steiner Consulting Group found that outstanding beef sales to China are 24% lower year over year.

• The trade licenses, which were granted in the “Phase 1” trade deal with China in 2020, provide hundreds of U.S. meat plants with access to the Chinese market. However, following a 20% U.S. tariff on all Chinese exports, the Chinese Communist Party promised “strong, powerful countermeasures,” which have included not only the expiring licenses, but also additional tariffs on exports of U.S. poultry (15%) and pork (10%). Trade licenses to pork and poultry processors were renewed.

• According to FAS, China was the U.S.’ No. 3 agricultural export market in 2024, with $1.58 billion in beef, $1.11 billion in pork, and $490.11 million in poultry sales.

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REFERENCES

https://www.meatingplace.com/Industry/News/Details/118501