Cattle farmers are latest Trump allies to get shafted
By kos
His tariffs have constrained key overseas markets, with China shifting major soybean and other commodity purchases toward countries like Argentina and Brazil.
Immigration raids have created labor shortages and
driven up the cost of harvesting crops, some of which have been left rotting in
the fields.
But there was one corner of agriculture that was thriving:
cattle farmers.
A shortage of cattle combined with strong domestic demand
meant high prices. Cattle producers also argue that near-monopoly conditions
in the processing industry have pushed prices even higher. Since the 1990s,
Tyson Foods, Cargill, JBS, and National Beef have controlled upward of 80% of
purchases of cattle, squeezing cattle farmers on one end while consumers pay
more on the other.
Still, despite challenges like the New World screwworm outbreak, likely boosted by the so-called Department of Government Efficiency, cattle farmers were riding high, their faith in Trump apparently rewarded.
That is, until Friday, when Trump announced that he would
temporarily allow a massive influx of tariff-free foreign beef into the United
States, explicitly intended to undercut domestic beef prices by 25%.
“Today, I concluded a deal to substantially lower the price
of ground beef for working American families,” Trump posted on
Truth Social. “[F]or the next 90 days, the United States will allow up to
300,000 metric tons of product for ground beef to be imported with no out of
quota tariff. We have a commitment that this beef will be sold at 25 percent
below current market prices.”
Weirdly, Trump is refusing to say which countries will supply all this mystery meat—an omission that becomes particularly notable amid concerns about the spread of New World screwworm.
On its face, Trump’s announcement is an extraordinary
admission that even he knows his economic policies aren’t working.
First, he’s temporarily lifting tariffs to lower consumer
prices. That’s a pretty remarkable concession from a president who has spent
years insisting that foreign countries pay his tariffs rather than American
importers and, ultimately, American consumers.




















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