With low milk prices, New Zealand dairy farmers are sending harvested cows to the American market, earlier and more often. New Zealand has a beef tariff rate quota of 213,402 tonnes per year into the U.S., which was last completely filled in 2004.
June’s numbers totaled 69 percent of the year-long measure, running about 9 percent ahead of 2014, reported Stuff.co.nz.
However, experts see opportunity in markets like China, and the processors holding quota diversifying more cuts as the end of the year approaches, being mindful of the limit. If the quota limit was reached, animals could be held for shipment until January 1 to be part of the 2016 quota.