300 million Montana beef deal
Posted by The man from snowy plains (-98) 14 days ago
TOPICAL
Chinese eCommerce giant strikes $300 million Montana beef deal
By TOM LUTEY tlutey@billingsgazette.com Nov 8, 2017
Cattle
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Cattle fill the yard as the Miles City Livestock Commission had 6,000 cows on the block in 2011. At a meeting organized by U.S. Sen. Steve Daines on Friday, Chinese Ambassador Cui Tiankai spoke frankly about what it will take to sell Montana beef in China, the world's second largest beef-consuming nation.
LARRY MAYER, Gazette Staff
Stockgrowers sign beef agreement with JD.com
The Montana Stockgrowers Association signed an agreement with eCommerce giant JD.com to provide $200 million worth of Montana beef over the next three years. An additional $100 million for construction of a packing plant and feedlot in Montana is also part of the deal. From left, MSGA's Executive Vice President Errol Rice, Jerome Ma, Corporate Vice President for JD.com, and Fred Wacker of Cross Four Ranch are pictured in Beijing.
By TOM LUTEY tlutey@billingsgazette.com
Chinese e-commerce giant JD.com has struck a $300 million beef deal with the Montana Stockgrowers Association, including $100 million for a new packing plant.

JD.com signed the agreement with Montana's largest livestock organization in mid-October, but kept it quiet until President Donald Trump's visit Wednesday to China. JD.com is the world's third largest Internet retailer, behind Amazon and Google.

Stockgrower's Executive Vice President Errol Rice and Miles City Rancher Fred Wacker were in Beijing for the signing ceremony.
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