R-CALF CEO: Herd Rebuild Depends on Limiting Beef Imports, Restoring Market Fairness

R-CALF USA CEO Bill Bullard joins Market Day Report for his insight on the USDA’s plan to strengthen the U.S. beef industry.

BILLINGS, Mt. (RFD-TV) — The U.S. Department of Agriculture (USDA) released its new plan to fortify the American beef industry this week, outlining strategies to strengthen the supply chain, expand local processing, and support new and beginning ranchers.

R-CALF USA CEO Bill Bullard joined us on Friday’s Market Day Report to share his perspective and outline how this plan could impact producers.

In his interview with RFD-TV News, Bullard discussed the long-standing issue of market concentration, noting that four primary packers continue to control most of the U.S. beef market.

“Look, consumer prices have been increasing while cattle prices were decreasing — an inverse relationship,” Bullard said. “This meant the marketplace was exploiting producers on one end and consumers on the other. And then in 2019, we filed an antitrust case against the four largest beef packers, alleging unlawful collusion. After that time is when we saw cattle prices trying to catch up with beef prices, but retail beef prices have increased further, much more, and faster than have cattle prices.”

Bullard also weighed in on the relationship between consumer prices and rancher profits, questioning whether current retail prices accurately reflect the costs that producers bear.

“Cattle prices have only recently responded to this incredibly tight supply situation that was brought about because we decimated our U.S. herd by excessive imports and lack of antitrust enforcement,” he explained. “We’ve allowed the packers to source beef from around the world. We’ve had record imports while beef prices were high—and the fact is, cattle producers do not control retail beef prices. It’s the meat packers and the retailers that control them, and they benefit from more imports. And the reason they do is because, if they can increase the supply, they can decrease the demand for domestic cattle, and they can lower the price of cattle and protect themselves from any losses in margins.”

He also discussed the debate over potential beef imports from Argentina, the Trump Administration’s consideration of that option, and the need to prioritize domestic production.

“Even though Argentina is not going to have, on its own, a big impact — we already import record volumes of beef that are depressing our cattle industry — and so adding Argentina to it is a problem, but it isn’t incompatible,” he said. “We need to reduce overall imports by 1.5 billion pounds. The President can increase imports from Argentina but decrease imports from these other countries, say from Brazil, and reduce their tariff-rate quotas and have the space necessary to rebuild.”

Bullard shared his thoughts on whether the USDA’s proposed measures adequately address the challenges ranchers are facing, including a strong need for improved fair-market practices and the creation of more supportive opportunities for young ranchers and small processors. He said the USDA’s plan can only go so far because the department’s powers are somewhat limited, explaining that some actions are under the purview of Congress, the President, and other departments.

“The proposal we were hearing about increasing imports to the United States is absolutely the wrong direction,” he said. “We need to rebuild the cattle herd, and in order to do that, we have to have a price point that incentivizes rebuilding and expansion. We’re there now. But if actions are taken to reduce the demand for domestic cattle, we’ll be right back where we’ve been — and that is a shrinking industry losing hundreds of thousands of cattle producers, continuing to shrink our domestic cattle herd. This is not what we need to do.”

He also highlighted specific steps that America’s independent ranchers would like to see taken to support a robust beef industry, as well as what the U.S. Trade Office should do to reverse “failed” trade policies, including curtailing beef imports and enacting tariff-rate quotas on the overall beef supply.

“We need to impose tariffs like the President has done, and we need more of them; and we need to further establish limits on these excessive volumes of imports to give our industry the space it needs to actually rebuild and expand — and that’s where the USDA plan comes along. They want to increase grazing opportunities on federally managed land. That will increase America’s capacity to grow the herd and meet our national security needs, which is to become self-sufficient in the production of beef, which is an extremely important food staple in America.”

Looking ahead, Bullard emphasized the importance of rebuilding the national cattle herd, supporting young and beginning ranchers through insurance subsidies, and ensuring the USDA effectively implements new grazing agreements that could benefit small operations.

“That’s not an issue we’re working on, but we recognize that we must provide opportunities because we are not attracting new entrants in this industry,” Bullard said. “We’ve lost over 106,000 producers just in the five-year time period between 2017 and 2022, so we don’t criticize the Secretary for taking those steps. We hope it’s helpful, but the most important thing we can do is reestablish a competitive market for our U.S. cattle producers and for consumers. That’s how they receive fair and equitable prices. It’s in a competitive market where competitive forces and not monopolistic control and artificial imports are controlling the price of both beef and cattle.”

Related Stories
The WASDE/Crop Production combo will be the first full read on supply, demand, and yield that could move basis and hedging plans since the government shutdown more than a month ago.
China’s grain expansion model may be hitting its limit. Lower prices, high rents, and policy fatigue threaten future output — with ripple effects across global feed and oilseed markets.
America’s love for burgers depends on open markets. Without lean beef imports, prices would skyrocket, crushing demand and destabilizing the beef industry.
High milk production and soft retail demand are squeezing prices and margins — making careful feed and risk management essential through year-end.
The Livestock Conservancy joins us in the RFD-TV Studio to discuss how protecting heritage-breed poultry is essential to resilient food systems and the preservation of agricultural traditions.
Texas A&M livestock economist Dr. David Anderson joins Tony St. James to discuss the geopolitical tensions and U.S.-Mexico border closure that are leading to sharp swings in the cattle market.
Arizona producers are proving that desert farming and water conservation can coexist through technology, reuse, and efficiency — reinforcing both food security and environmental stewardship.
Caleb Ragland, president of the American Soybean Association (ASA), shares his reaction to news of soybean sales to China, which is considered both “welcome news” and a return to near-normal trade relations.
Rabobank’s outlook signals a tightening margin environment, emphasizing the need for cost control, trade stability, and clearer policy signals heading into 2026.

Marion is a digital content manager for RFD-TV and The Cowboy Channel. She started working for Rural Media Group in May 2022, adding a decade of experience in the digital side of broadcast media and some cooking experience to the team.

LATEST STORIES BY THIS AUTHOR:

Gary Hall, co-founder of Hollywood Impact Studios Rehabilitation, joined the program to discuss using agriculture to provide opportunities and mentorship for at-risk youth in Southern California.
The agriculture workforce remains strong and diverse, offering meaningful pathways for students pursuing careers that support the food and farm economy.
Screwworm.gov has targeted resources for a wide range of stakeholders, including livestock producers, veterinarians, animal health officials, wildlife professionals, healthcare providers, pet owners, researchers, drug manufacturers, and the general public.
Mike Steenhoek of the Soy Transportation Coalition discusses industry reactions to the proposed Union Pacific–Norfolk Southern merger, the Surface Transportation Board’s review process, and current conditions on the Mississippi River.
Richard Gupton of the Agricultural Retailers Association explains a new resource designed to help farmers comply with ESA-related pesticide label requirements.
Sen. Roger Marshall discusses the Senate’s unanimous passage of the Whole Milk for Healthy Kids Act and what expanded milk options could mean for students and dairy farmers. Industry groups say it is a win for student nutrition and dairy producers.