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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RanchHER Season 2, Episode 9
Premieres Tue, 11/5/24 – 9 PM ET | 8 PM CT | 7 PM MT | 6 PM PT
Premieres Tue, 11/5/24 – 9 PM ET | 8 PM CT | 7 PM MT | 6 PM PT
Premieres Tue, 10/29/24 – 9 PM ET | 8 PM CT | 7 PM MT | 6 PM PT
RanchHER Season 2, Episode 7
Premieres Tue, 10/22/24 – 9 PM ET | 8 PM CT | 7 PM MT | 6 PM PT
Premieres Tue, 10/22/24 – 9 PM ET | 8 PM CT | 7 PM MT | 6 PM PT
FarmHER Moriah Hunter joined us Tuesday on Market Day Report to share what it was like having the FarmHER crew visit her hay and beef operation, Hunter Creek Farms, in La Grange, Ky.