Saturday, April 19, 2008

South Korea Agrees to Fuller Reopening of U.S. Beef Trade

Breaking News: "U.S. and South Korean trade officials announced agreement this morning to a trade protocol that initially will allow for the shipment of all U.S. beef products (boneless and bone-in beef, as well as variety meats) from animals under 30 months of age. And Korea calls it a first step toward accepting all U.S. beef products from animals of all ages as directed by the World Organization for Animal Health (OIE) guidelines." See a summary: www.ustr.gov/assets/Document_Library/Fact_Sheets/2007/asset_upload_file939_11034.pdf

What impact will this have on U.S. Beef Markets - on food prices?

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