Summary
The American cattle industry is upset with President Trump due to policies that they claim hurt domestic profits. Beef prices are high in the U.S., and plans to import beef from Argentina have made ranchers worried about their competitiveness.
Key Facts
- The American cattle industry accuses President Trump of harming their profits.
- Beef prices in the U.S. are 15% higher than last year, affecting consumers.
- Jim Hertzog, a market operator, highlighted a recent drop in cattle futures prices.
- Feeder cattle prices saw record highs earlier but have recently fallen.
- President Trump plans to import more beef from Argentina, upsetting U.S. ranchers.
- Trump reduced tariffs on some international agricultural products.
- Tyson Foods is closing a plant in Nebraska and downsizing in Texas, affecting jobs.
- President Trump claims his tariffs have helped U.S. cattle ranchers.
