Recent trade action has largely been absent from some of the latest government reports, but one industry official warns consumers will likely feel the impact in the coming months.
The Chief Executive at Omaha Steaks warns consumers might see their beef costs begin to increase around the third quarter, which is typically around July, August, and September, prime grilling season. He tells Fox Business the impact will likely happen over time.
10 percent of global tariffs kicked in earlier this month, including beef imports from suppliers in Australia, Brazil, and New Zealand.
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What is it like working cattle with an outbreak of New World Screwworm so close to home? Wayne Cockrell, with the Texas and Southwestern Cattle Raisers Association, joined us on Wednesday to discuss.
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Herd rebuilding looks slow, keeping cattle prices supported; beef-on-dairy crosses help fill feedlots, while imports temper—but don’t erase—tightness.
The three-point plan was announced during remarks at the annual meeting of the National Association of State Departments of Agriculture.
Higher tariffs may shield some U.S. crops but risk retaliation, lost markets, and higher costs for growers. The WTO disputes highlight the fragile balance between trade policy, farm exports, and input supply chains.
USMEF CEO Dan Halstrom joined us on Monday’s Market Day Report for his analysis on the U.S.-Taiwan trade agreement, which includes big bucks for U.S. Beef.
Fewer cattle on feed suggest smaller slaughter numbers this winter, which could support strong prices if beef demand holds firm.
The USDA NASS report also confirms lower August placements.
