US ranchers are reeling from President Trump's latest decision, which has left them feeling bewildered and betrayed. The recent announcement to boost imports of beef from Argentina has sparked a backlash among the traditionally loyal rancher community, who see it as a threat to their economic gains.
After years of drought and rising cattle prices, ranchers have enjoyed a surge in profits, largely due to low herd numbers for beef cattle since the 1950s. However, the closure of the Mexican border to live cattle imports has further constrained supply, while steep tariffs on foreign beef have increased costs. Cattle prices paid to ranchers are separate from consumer beef prices, which have risen by 11 percent in September alone.
Trump's decision to import more Argentinian beef has been met with scorn from many ranchers, who feel that the president is disregarding their concerns and interests. "If it weren't for me, they would be doing just as they've done for the past 20 years – terrible! It would be nice if they would understand," Trump wrote on his Truth Social platform.
Industry experts, including commercial cattle manager Corbitt Wall, say that Trump's comments were hubristic and demonstrated a lack of understanding of the cattle industry. Wall has watched futures prices for cattle slide down by over 15 percent since Trump's announcement and hopes that the president will leave the industry alone.
Oregon rancher David Packham shared similar concerns, stating that while cattle prices have risen, many ranchers are still struggling due to years of drought and supply chain challenges. He expressed frustration with Trump's decision and felt that it was a "bulls***" statement that had propped open a door for critics of the president.
The recent announcement by Tyson, one of the big four US meatpackers, to close a Nebraska beef-processing plant has also raised eyebrows among industry experts. James MacDonald, a research professor in agricultural economics, views this decision as a shock and an indication of the depths of the US beef shortage.
MacDonald believes that the increased imports of Argentinian beef will have limited impact on the overall supply chain and prices. He expects that while the reintroduction of Brazilian beef may impact the import market, it holds less weight on overall beef supply.
Ultimately, Wall's faith in Trump is shaken, but he believes that ranchers will continue to support the president due to conservative values. "You look at what the other side has to offer, and there's no way people are going to go for that," Wall said.
After years of drought and rising cattle prices, ranchers have enjoyed a surge in profits, largely due to low herd numbers for beef cattle since the 1950s. However, the closure of the Mexican border to live cattle imports has further constrained supply, while steep tariffs on foreign beef have increased costs. Cattle prices paid to ranchers are separate from consumer beef prices, which have risen by 11 percent in September alone.
Trump's decision to import more Argentinian beef has been met with scorn from many ranchers, who feel that the president is disregarding their concerns and interests. "If it weren't for me, they would be doing just as they've done for the past 20 years – terrible! It would be nice if they would understand," Trump wrote on his Truth Social platform.
Industry experts, including commercial cattle manager Corbitt Wall, say that Trump's comments were hubristic and demonstrated a lack of understanding of the cattle industry. Wall has watched futures prices for cattle slide down by over 15 percent since Trump's announcement and hopes that the president will leave the industry alone.
Oregon rancher David Packham shared similar concerns, stating that while cattle prices have risen, many ranchers are still struggling due to years of drought and supply chain challenges. He expressed frustration with Trump's decision and felt that it was a "bulls***" statement that had propped open a door for critics of the president.
The recent announcement by Tyson, one of the big four US meatpackers, to close a Nebraska beef-processing plant has also raised eyebrows among industry experts. James MacDonald, a research professor in agricultural economics, views this decision as a shock and an indication of the depths of the US beef shortage.
MacDonald believes that the increased imports of Argentinian beef will have limited impact on the overall supply chain and prices. He expects that while the reintroduction of Brazilian beef may impact the import market, it holds less weight on overall beef supply.
Ultimately, Wall's faith in Trump is shaken, but he believes that ranchers will continue to support the president due to conservative values. "You look at what the other side has to offer, and there's no way people are going to go for that," Wall said.