Looming trade war worries Montana ranchers

Looming trade war worries Montana ranchers
Good News - Cattle Prices Hit New Highs

The brewing trade war between China and the U.S. comes at an inopportune time for Montana ranchers seeking to close a multi-year deal to export up to $200 million of beef to China.

Miles City rancher Fred Wacker said livestock producers need to finalize a contract with Chinese e-commerce company JD.com by the end of June to have cattle ready for delivery this year.

Beef is among U.S. products targeted for a potential 25 percent rise in Chinese import duty