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China’s JD.com details pork, beef buy from Smithfield, Cross Four Ranch

Chinese e-commerce firm JD.com announced it has signed a deal to import over $1.2 billion of U.S. beef and pork over three years. In a big win for Montana beef producers, the agreement includes a minimum commitment of $200 million in beef to be imported by JD from Cross Four Ranch and Montana Stockgkrowers Association members at fair market value over three years. It is estimated that JD’s purchase of Cross Four Ranch and MSGA beef will increase Montana beef export sales by as much as 40 percent in 2018.

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