Commodities & Energy

Reuters first to report Argentine ranchers hope more beef is headed for China

Reuters first to report Argentine ranchers hope more beef is headed for China

Reuters was first to report that China had recently inspected Argentine local meat plants and cattle ranchers in Argentina were looking to get more local meat-packing plants approved by Beijing. The story underscored how China is looking to diversify its protein supply, as African swine fever hammers its domestic hog herd and an ongoing trade war with the United States disrupts global protein supply chains. A day after the story, China’s customs office said it had granted licenses to eight Argentine meat-processing plants.