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.
Related Stories
Quick to prep and packed with flavor, this dish is a bold way to kick up any weekend spread.
U.S. Senator Roger Marshall of Kansas discusses expected changes to the 45Z tax credit and what they could mean for agriculture and rural America.
Shrinking slaughter capacity may delay heifer retention, complicating herd rebuilding plans.
Smaller cow numbers and a declining calf crop point to prolonged tight cattle supplies, limiting near-term herd rebuilding potential.
CattleCon 2026 officially kicks off Tuesday and continues through Thursday, bringing producers together to shape the future of the U.S. cattle industry.
Early indications suggest the U.S. cattle industry may be nearing the end of its liquidation phase. Oklahoma State University livestock economist Dr. Derrell Peel says the industry could be at or near the cyclical low.
