Importing Beef Not a Solution
Last week, I stated, "As usual, cattle producers are waiting on the other shoe to drop and trying to read the tea leaves and make the right moves." President Donald Trump recently made comments about importing Argentine beef to lower consumer beef prices.
His comment followed a deal with Argentina, which soybean growers fear will give South American producers a competitive advantage. Trump plans to increase the annual beef quota from 20,000 to 80,000 metric tons at a lower tariff rate.
President Donald Trump made comments on social media and in the news about bringing in Argentine beef to lower beef prices for consumers.
- Potential deal with Argentina to import beef
- Increased quota of 80,000 metric tons at a lower tariff rate
- Concerns among soybean growers and cattle producers
Author's summary: Trump's plan to import Argentine beef sparks concern.