China lifts ban on US beef products

Premier's remarks spark rally in cattle futures, may relieve glut of cold storage supplies in US

Chinese authorities on Thursday announced the conditional lifting of a 13-year import ban on some US boneless beef and beef on the bone.

The removal of the ban applies to cattle that are under 30 months old, according to a joint statement issued on Thursday by the Ministry of Agriculture and the General Administration of Quality Supervision, Inspection and Quarantine.