Trump Tariffs Squeeze Beef Imports As Drought, Costs, And A Shrinking Herd Limit Production

Benzinga

Centrist Democrats and an independent met with Senate Majority Leader John Thune to end the month-long shutdown as federal workers missed paychecks and aid programs ran dry. The final deal funds most of the government through January 30th, exposing deep fractures among Democrats after progressives argued the caucus received little in return.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02President Trump's tariffs on major beef suppliers are tightening U.S. supply

00:06and driving prices higher as imports from Brazil, Australia, New Zealand, and Uruguay drop,

00:12according to CNBC.

00:14Brazilian beef exports plunged after layered tariffs reached 76.4%,

00:19while drought, high feed and equipment costs,

00:22and a shrinking U.S. cattle herd are limiting domestic production.

00:26Ranchers say a tight cattle cycle, long and costly rebuilding timelines,

00:30weather dependence, and political uncertainty are all slowing efforts to restore the national herd.

00:36Ranchers grew frustrated after Trump announced an Argentine beef import deal

00:40they said would harm rural America, a move that contributed to sinking cattle futures.

00:45USDA officials acknowledged the supply pressures

00:48and announced initiatives to attract new cattle producers.

00:51For all things money, visit Benzinga.com.

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