MOFB President Garrett Hawkins is urging the Trump administration to reconsider plans to increase foreign beef imports, warning the move could further pressure cattle prices and undermine efforts to rebuild the U.S. cattle herd.
“Cattle producers are rightfully frustrated by today’s announcement that President Trump plans to increase foreign beef imports and sell that beef below the cost of production. Americans, including farm families, are paying more for fuel, electricity, housing and nearly everything else. We understand the desire to provide relief to American families facing high grocery costs, but additional market intervention in the cattle market is the wrong approach.
After years of drought, high input costs and a historically low cattle herd, producers are finally seeing strong cattle prices.
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