Trump's Foreign Beef Deal Draws Skepticism From Farmers and Cattle Ranchers Nationwide
Farmers say the imports may not ease prices, as four meatpacking companies control about 85% of U.S. beef processing.
- On Aug. 21, President Donald Trump announced a plan to import 300,000 metric tons of ground beef tariff-free over 90 days, with importers agreeing to sell the product at 25% below current market prices.
- Driven by cattle inventory at a 75 year low, the administration implemented this measure while average ground beef prices have climbed sharply, with certain cuts approaching $7 a pound.
- Critics, including Jim Bourne of 1690 Farm in Maryland, express skepticism that packers will mix imported beef with domestic supplies and pocket the savings rather than passing relief to consumers.
- Ben Thompson, owner of Enderson-Thompson Cattle, stated that fed cattle prices dropped 25 cents in two weeks following the announcement, threatening the profitability of domestic livestock operations.
- The USDA resumed Mexican cattle imports on Aug. 24, though groups like R-CALF USA remain concerned about the risk of New World screwworm spreading to livestock across the region.
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American ranchers are irked by Trump’s efforts to bring down beef prices: ‘This is a mistake’ - IPM Newsroom
Illinois Newsroom The Trump administration has tried to lower beef prices for months, but demand, drought and a parasite have foiled its efforts. The post American ranchers are irked by Trump’s efforts to bring down beef prices: ‘This is a mistake’ appeared first on IPM Newsroom.
GOP Senator Rips Trump For Importing Cut-Rate Beef
The Kansas Reflector reports: U.S. Sen. Roger Marshall said he is “frustrated” President Donald Trump is importing beef from foreign countries, sparking fear among domestic cattle producers that the action could undercut their markets. A Perry resident expressed nervousness during a telephone town hall Friday about selling her 25 head of cattle. She said she and her husband are self-employed, their fertilizer bill had tripled this year and their…
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Trump's foreign beef deal draws skepticism from farmers and cattle ranchers nationwide
Trump's plan to import foreign beef at 25% below market value isn't sitting well with cattle farmers. Will the savings even reach your grocery cart? 🛒
Florida Cattle Ranchers Push Back On Trump’s Beef Import Plan : NorthEscambia.com
Florida’s cattle ranchers are criticizing President Donald Trump’s move to import 300,000 tons of tariff-free beef to lower prices for consumers. Blaming President Joe Biden for increased prices, Trump announced the deal on social media recently, saying it would drop the cost of beef to 25 percent below current market prices. “This deal will reduce prices for [...]
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