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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Tight feeder supplies and lower placements indicate continued support for the cattle market, with regional impacts heightened in Texas by reduced feeder imports.
Cattle markets are watching the Cattle-on-Feed Report for signs of tighter supplies, while USMEF warns limited China access is cutting producer profits.
