Today, President Donald Trump has set a new potential start date to impose tariffs on Mexico and Canada.
He told reporters that he is eyeing April 2nd.
“The damage has been done. We’ve lost millions of people due to fentanyl, it comes mostly from China but it comes through Mexico and it comes from Canada. I have to tell you that April 2nd, I was going to do April 1st, but I’m a little bit superstitious, but April 2nd the tariffs will go on.”
Click here to read how Canada is responding
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Speaking about his administration’s tariff strategy, Trump acknowledged that producers could face financial strain in the short term but promised stopgap support.
Rising cow numbers and higher yields are boosting milk supplies, which may keep pressure on prices and farm margins into the fall.
U.S. soybean farmers are growing increasingly frustrated by Argentina’s gains in Chinese grain contracts and Trump’s pledge of economic support for the South American ally.
The USDA is moving to close the farm trade gap through promotion, missions, and stronger export financing.
Fewer placements and historically low marketings point to tighter cattle supplies ahead, with Nebraska and Kansas gaining ground as Texas feedlots face supply pressure and the threat of New World Screwworm.
A new study by the National Grains and Feeds Association found that their industry generates $401.7 billion in economic output and supports over 1.16 million jobs nationwide.
