Importing Beef is Not the Solution
Last week, the author noted that cattle producers were waiting for the next development, trying to make the right moves. Then, President Donald Trump made comments about importing Argentine beef to lower consumer prices.
President Donald Trump made comments on social media and in the news about bringing in Argentine beef to lower beef prices for consumers.
This announcement followed a deal with Argentina that soybean growers fear will give a competitive advantage to South American producers. Trump later confirmed his intention to increase the annual beef quota from 20,000 metric tons to 80,000 metric tons at a lower tariff rate.
Secretary of Agriculture Brooke L. Rollins met with five western U.S. representatives to discuss the issue.
Author's summary: Trump's plan to import Argentine beef sparks concerns.