US EditionTrump Aims to Lower Beef Prices: Why Are US Ranchers Raging?
Trump aims to lower U.S. beef prices by increasing imports from Argentina despite concerns from ranchers about foreign competition amid the smallest cattle herd in years.
- On Wednesday, President Donald Trump said he would increase beef imports from Argentina to try to lower consumer prices by raising lower-tariff allowances.
- Decades of shrinking herds and drought have left the U.S. herd near historic lows, with the nation's cattle inventory near its smallest in nearly 75 years and more than 150,000 ranches lost since 2017.
- Concentration among Tyson, JBS, Cargill and National Beef coincides with retail ground beef prices up 12.9% and steaks 16.6% over 12 months to September, the Bureau of Labor Statistics found.
- Ranchers and trade groups pushed back against the import proposal, with eight House Republicans expressing concern and Justin Tupper saying, `I don't see that lowering prices here at all.`
- Experts warn rebuilding herds will take years, limiting how fast prices fall, and though the Agriculture Department revoked a consolidation order earlier this year, it pursues other probes and boosts domestic production.
15 Articles
15 Articles
Letter: Ranchers and consumers deserve better
To the Editor: By suggesting we import beef from Argentina to solve high domestic prices, President Donald Trump is once again proving that his economic instincts are misguided and potentially dangerous. Let’s start with the facts: Argentina has a documented history of foot-and-mouth disease, a highly contagious livestock illness that could devastate already depleted herds if introduced in the U.S. Importing beef from a country with this track r…
The leaders of the Texas agriculture industry have expressed their rejection of the idea of U.S. President Donald Trump to increase the import of meat from Argentina to reduce the high prices of these products in the United States, at a time when ranchers are fighting several simultaneous crises in the sector.Trump, whose government extended a $20 billion financial aid to Argentina and has shown its ideological affinity with the Argentine presid…
Trump's possible Argentina Deal sparks beef With Texas ranchers
AUSTIN (Nexstar) -- Texas Agriculture Commissioner Sid Miller is among the Texas ranchers who are speaking out against the Trump administration's proposal to increase imports of Argentine beef, specifically quadrupling the amount of Argentinian beef it currently imports. Cattle ranchers across Texas and the U.S. have voiced concerns over the deal, fearing that it could undermine their profits. Trump has since defended his policies, saying in a T…
COLORADO SPRINGS, Colo. (KTLO) - The cost of beef has reached a record high, and President Trump announced his plan to reduce prices in the U.S. However, ranchers across the country are warning that the measure could negatively affect them following the announcement that the United States will begin importing beef from Argentina. A decision that has generated concern in the sector. We spoke with the owner of Ranch Foods Direct, Mike Callicrate, …
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