China's beef imports soaring as U.S. beef producers await trade deal details.

In mid-December, the Office of the U.S. Trade Representative (USTR) announced that the United States and China reached a "Phase One" trade deal that could significantly improve access for U.S. beef in the world's largest and fast-growing import market. "Several suppliers are moving massive volumes of beef to China, but the primary competitor for U.S. beef in China is Australian grain-fed beef", he says. [Extracted from the article]