China just uplifted their 12-13 year ban on importing US beef, and like you say Phasmid hopefully they will be importing and soon.
I'm pretty sure they don't export beef much less to us.
The strong dollar and herd expansion caught up to demand and that's hurting the market right now.
It peaked in the final quarter of 2014 and has been slowly falling ever since. I don't think we've hit the bottom yet, maybe, hopefully.....
Live cattle have been hanging around a $1 for some time now.
