Business · Trade · 4 hrs ago

Beef imports have barely lowered prices as US ranchers face falling cattle values

Beef imports have barely lowered prices as US ranchers face falling cattle values

On August 26, US President Donald Trump announced a 90-day tariff pause to allow more beef imports, including from Brazil.

The plan aimed to make beef cheaper for US consumers while allowing domestic cattle herds to grow.

After 30 days, the average price of ground beef had fallen by less than 2%, from $6.92 to $6.79 per pound, according to an analysis by Farm Action.

At the same time, prices for cattle used in ground beef fell by up to 13.9%, angering US ranchers.

Ranchers and cattle groups say cheaper imports could weaken the incentive to expand herds, while the US cattle population is already near its lowest level in decades.

It is too early to know whether shoppers will see meaningful savings or whether ranchers’ anger will affect midterm voting.

The tariff pause is due to last 90 days, but the sources do not say what will happen after it ends.

3 sources

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What people are saying

Sarah CardenSenior director of research and policy at Farm Action
The first 30 days raise serious questions about whether this policy is actually delivering on its promises
via Yahoo Finance
Ranchers are seeing steep declines in the prices they receive, and consumers still haven't seen clear, meaningful relief at the grocery store.
via Yahoo Finance
David AndersonAgricultural economist at Texas A&M University
It really works against the market signal to expand and produce more domestically
via Al Jazeera
Chad BasingerRancher in Pretty Prairie, Kansas
But overall I don’t think it’ll be that much
via Al Jazeera