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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One trader said the products entering the U.S. are primarily grind and trim, noting that the volume and type of beef, on its own, should not cause a major disruption. However, he says fund traders are reacting heavily to headlines rather than market realities.
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