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TALKS on restarting US beef exports to China are moving fast and final details should be in place by early June Air Force 1 Blauw Kopen , according to the US Department of Agriculture, allowing American farmers to vie for business lost by rival Brazil.

As part of the deal, US ranchers are set to halt the use of growth-promoting drugs to raise cattle destined for China and to log the animals’ movements, USDA said.

The two sides are negotiating to meet a deadline, set under a broader trade deal last week Air Force 1 Off White Kopen , for shipments to begin by mid-July.

Finalizing technical details in early June should mean beef companies, such as Tyson Foods Inc and Cargill Inc, can sign contracts with Chinese buyers to meet the deadline, USDA said.

China banned US beef in 2003 after a US scare over mad cow disease. Previous attempts by Washington to reopen the world’s fastest-growing beef market failed. But now, the quick progress of the latest talks is raising US farmers’ hopes.

“Both sides feel the urgency to get it done by the deadline ,” said Joe Schuele, spokesman for the US Meat Export Federation, which represents Tyson, Cargill and other meat companies.

The timing of the new deal comes as Brazil, the world’s top beef exporter Air Force 1 Schoenen Kopen , is mired in scandal and rival shipper Australia is suffering from a drought that is hurting production, analysts said.

China accounted for nearly a third of the Brazilian meat packing industry’s US$13.9 billion in exports last year.

But in March, China briefly banned Brazilian imports after police there accused inspectors of taking bribes to allow sales of rotten and salmonella-tainted meat. JBS SA, the world’s largest meatpacker, was involved in the probe and in separate allegations that Brazil’s president conspired to obstruct justice with the company’s chairman.

The food-safety probe hit Brazil’s beef exports Air Force 1 Kopen , which fell by 24.6 percent to US$378 million in April from March, according to an industry group that represents meat processors accounting for 90 percent of Brazil’s exports.

“This is a very opportune time for the US to step up,” said Derrell Peel, an agricultural economist at Oklahoma State University.

China’s appetite for beef has climbed in recent years. In 2003, imports totaled just US$15 million Heren Air Force 1 Deconstruct PRM Zwart Kopen , or 12,000 tons, including US$10 million from the United States, according to USDA.

To reopen US trade, China has accepted a US proposal in principle that would require producers to document locations where cattle raised for beef exported to China are born and slaughtered Heren Air Force 1 Deconstruct PRM Grijs Kopen , USDA said. The system would be less onerous than tracking cattle throughout their entire lives, during which they can be kept at up to four different locations.

Under another rule, US beef exported to China must be raised without a class of growth-enhancing drugs known as beta-agonists that includes Elanco’s Optaflexx.

US beef shipments to China will also have to come from cattle under the age of 30 months, according to USDA. Most US cattle will meet that requirement, the US Meat Export Federation said.

The terms of the deal are a win for the United States over Canada Heren Air Force 1 HI Premium Goud Kopen , which is approved to ship only frozen beef to China.

China already bans meat from Canadian cattle fed with Optaflexx.

SYDNEY, Nov. 28 (Xinhua) -- The Australian market had a slow start on Monday, with the fall in oil prices weighing the index down to hover at the 5,500 mark.

By 1038 local time (AEDT), the benchmark S&PASX 200 index fell 16.60 points or 0.30 percent to 5,491 points. The broader All Ordinaries index was down 11.1 points or 0.20 percent to 5,559 points.

"The big fall in oil prices was probably one of the key factors dragging the market into the red Monday, with the energy sector being the worst performer in trading so far this morning," CMC Markets chief market strategist Michael McCarthy told Xinhua.

"It's clear that a little bit of the enthusiasm for resources that drove the markets last week is absent from the market today."

U.S. crude prices have dropped almost 4 percent, with brent crude futures at 47.24 US dollars a barrel, down 1.76 US dollars or 3.59 percent.

Melbourne-based mining giant BHP Billiton was down 2.42 percent in morning trade, while rival Rio Tinto was down 0.68 percent. Gold miner Newcrest bucked the trend by edging up 0.10 percent.

Santos led the fall in the oil and gas sector with a 2.51 percent dip. Oil Search was down 1.80 percent and Woodside Petroleum slipped 1.99 percent.

Banks were also weighed down in morning trade, with ANZ lower by 0.99 percent and Commonwealth Bank of Australia sliding 0.26 percent. The National Australia Bank was down by 0.72 percent while Westpac was 0.51 percent lower.

Qantas was edged 0.47 percent lower while telecom giant Telstra was up 0.60 percent.

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