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Trump says his administration is working on lowering beef prices

US President Donald Trump says on Oct. 16, 2025 that his administration is working to lower the price of beef in the country. The price of beef is 'higher than we want it, and that's going to be coming down pretty soon too. We did something,' Trump added, without elaborating.

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Transcript
00:00The prices are down. Oil is down. We're down $58 a barrel. We're going to be hitting $2 for gasoline.
00:07I think we're going to be at $2. And the previous administration, they were at $4 and $5.
00:12They were going up much higher. And then they swung back into my things, but they didn't swing back properly.
00:19They were very, very late. They really blew it. We had it really going in the right direction.
00:23They came and took everything out. And, you know, it's incredible. I'll never forget.
00:29They lost control of the price of gasoline, of oil. They totally lost control, Howard.
00:35And then they went back immediately. Let's go back to Trump. But by that time, it was too late.
00:41And they didn't go back because the leases and everything else, they didn't do what they had to do.
00:47They really didn't know how to. But we could be hitting close to $2 a gallon.
00:52And I'd love to break it if we could. But we could be. And, you know, when that comes down, everything else.
00:57And everything else has been coming down. Groceries are down. The price of things are down.
01:03And honestly, the simplicity is if you can get oil down, it's such a big category, everything follows.
01:11So just about everything follows. We are working on beef. And I think we have a deal on beef that's going to bring the price of beef.
01:20That would be the one one product that we would say is a little bit higher than we want it, maybe higher than we want it.
01:27And that's going to be coming down pretty soon, too. We did something. We worked our magic.
01:31But groceries are down and energy is down. Electricity is way down.
02:01That's going to work our magic.
02:04That's going to work on suit.
02:06Thanks for listening!
02:15Thanks for listening!
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