— The Latest on a deal for China to import Montana beef (all times local):12:30 p.m.China’s largest online retailer has signed a deal with the Montana Stockgrowers Association to buy $200 million worth of Montana beef over the next three years and potentially build a $100 million slaughterhouse in the state. Details released Wednesday by U.S. Sen. Steve Daines show Chinese retailer JD.com agreed to purchase a minimum $50 million of Montana beef in 2018, $70 million in 2019 and $80 million in 2020. Montana Stockgrowers spokeswoman Kori Anderson says that could equal to 40,000 to 50,000 cattle a year by 2020. 9 a.m.China’s largest online retailer has signed a deal with the Montana Stockgrowers Association to buy $200 million worth of Montana beef over the next three years and to build a $100 million slaughterhouse in the state. Stockgrowers Association Vice-President Errol Rice and Miles City rancher Fred Wacker were in Beijing for the signing ceremony.

Source: National Post November 08, 2017 19:41 UTC