Potential Ban on U.S. Beef, Pork Could Hurt
As of February 4th - Russia may impose a temporary ban on some U.S. beef and pork products due to concerns they may contain ractopamine - violating Russia's import rules. If Russia goes through with this ban - it could jeopardize more than 500-million dollars a year in exports of U.S. beef and pork to Russia. U.S. Trade Representative Spokeswoman Andrea Mead says the U.S. is committed to ensuring the meat it exports to consumers around the world is safe and wholesome. The USTR continues to call on Russia to suspend its unjustified measures and restore market access for U.S. beef and pork products. If the market closes - the U.S. could see higher inventories of beef or pork in storage - according to Global Cold Chain Alliance Director of Government Relations Lowell Randel - which could decrease U.S. meat prices.
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