Importing Beef is Not the Solution
Last week, I wrote,
“As usual, cattle producers are waiting on the other shoe drop and trying to read the tea leaves and make the right moves.”
President Donald Trump made comments on social media and in the news about bringing in Argentine beef to lower beef prices for consumers. This comment came after a deal with Argentina that soybean growers fear will give a competitive advantage to South American producers.
Trump doubled down on his Argentine beef deal, claiming he would raise the 20,000 metric-ton quota of beef annually at a lower tariff rate to 80,000 metric tons. Secretary of Agriculture Brooke L. Rollins met with five western U.S. representatives.
Author's summary: Trump's plan to import Argentine beef sparks concern.
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