In fact, I told him that Australian beef, which was in the market there, had a distinct kangaroo flavor and he'll really enjoy when he finally gets to taste Montana beef and US Beef. By opening up that market, the second largest beef import market in the world, ranchers were able to export cuts that were not as valuable in the United States, but do that at a premium. And after years of negative margins, of drought, of challenges during COVID Montana, cattlemen have just started to finally turn a profit, finally be able to make their payments to the banks for the loans they have for some of the land that they own. (01:20–01:34)
CLAIM
Asserts that opening the China market allowed U.S. ranchers to export less valuable cuts at a premium.
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