The U.S. cattle industry is applauding President Trump’s recent trade deal with the United Kingdom, calling it a win for ranchers.
Kent Bacus with the National Cattlemen’s Beef Association joined RFD-TV’s Tammi Arender to discuss what it means for the industry, how big of a market it is for U.S. beef, and their “Battle of the Beef” last year.
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“A government shutdown impacts all Americans and has serious consequences, including for farmers. It just adds additional uncertainty, disrupts critical services.”
Agricultural exports continue to be a key contributor to rural employment. However, rural businesses still struggle to fill numerous job openings.
Treasury Secretary Scott Bessent stated this week that the government will intervene to help, following China’s withdrawal from the U.S. soybean market. One trader says the industry will remain in a holding pattern until Tuesday.
University of Illinois Ag Economist Gary Schnitker says early projections indicate soybeans will be more profitable than corn in 2026.
“In the first six months of 2025, 181 Chapter 12 bankruptcies were filed nationwide.”
