President Trump announced a slew of reciprocal tariffs earlier this week, and it is receiving mixed reviews from the agriculture industry.
National Cattlemen’s Beef Association Senior Vice President of Government Affairs Ethan Lane says he is not sure why anyone is surprised by the announcement and talks about the opportunities for the cattle industry.
Lane also stressed why trade is vital to the industry and calls out Australia.
What do cattlemen want from a Trump Administration trade agenda?
Lane provides an update on the Mexican feeder cattle situation.
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Fewer cattle on feed suggest smaller slaughter numbers this winter, which could support strong prices if beef demand holds firm.
Dairy farmers are expected to face strong output and export gains, but lower prices and tighter margins will persist into next year.