Japanese company Marubeni drops $170 Million to get it hands on some American meat

Japanese company Marubeni drops $170 Million to get it hands on some American Beef

Marubeni is no stranger to the beef trade as they have been exporting US beef for nearly 40 years, with the current Australian feedlot Rangers Valley sells beef in Australia, Japan, China, South Korea, Europe and the Middle East. Beijing China lifted it's ban on American beef in June of 2017 and Marubeni is looking to cash in on the china exports.  

Marubeni acquired Creekstone Farms based in Kansas for a reported $170 million dollars. Creekstone is in the top 15 of the larger beef producers who processed approximately 250,000 head of cattle and a report stated $550 millions in sales in 2016 to grocery stores and restaurants. 80% of the processed beef is shipped within the US and the remainder shipped overseas. Marubeni has set it's goals high claiming to reach sales of $620 million at Creekstone on or before 2020 with a large increase in China exports and beyond once the export trade resumes full function. With an export company reaching out to make such a bold move maybe the cattle export future is looking bright. With all the recent reports of beef trade exports lets hope the current administration gets this one right and beef  prices start moving again.      
    ~ Pepper Stewart  
                          



    More News and Stories at www.PepperStewart.Com