BUSINESS China’s largest online retailer to buy Montana beef


China’s largest online retailer to buy Montana beef


02:45, November 09, 2017


China’s largest online retailer has signed a deal with the Montana Stockgrowers Association to buy $200 million worth of Montana beef over the next three years and to build a $100 million slaughterhouse in the state.

The Billings Gazette reports the agreement came after Chinese Ambassador Cui Tiankai toured a Gallatin County ranch with U.S. Sen. Steve Daines. It was announced Tuesday when President Donald Trump was in Beijing. Stockgrowers Association Vice President Errol Rice and Miles City rancher Fred Wacker were in Beijing for the signing ceremony.

The deal calls for Montana ranchers to supply beef to starting in January and continuing through 2020. Stockgrowers spokeswoman Kori Anderson says that’s an estimated 40,000 to 50,000 head of cattle.

Construction on the packing plant is expected to start next spring. A location hasn’t been determined.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue