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Trump goes after the companies ranchers blame for the beef price squeeze
Developing
Trump said Friday that he was authorizing legal documents to be drafted to give farmers and ranchers "the right to process their own food," casting the move as an effort to break what he called a "nasty monopoly" in the meat industry.
Ranchers have long argued that the concentration leaves them with too few buyers for their cattle and forces smaller producers to rely on distant, federally inspected slaughter facilities to bring beef to market. On Friday, President Trump said he would waiver beef tariffs on imported ground beef for 90 days in an attempt to bring beef prices down and rebuild the U.S. cattle herd.
Agriculture Secretary Brooke Rollins said the administration would begin unveiling beef-processing actions Monday, including steps to reduce red tape, support smaller processors and expand ranchers’ ability to sell meat across state lines.
What's confirmed
What's still developing
- On Friday, President Trump said he would waiver beef tariffs on imported ground beef for 90 days in an attempt to bring beef prices down and rebuild the U.S. cattle herd.
- Trump said Friday that he was authorizing legal documents to be drafted to give farmers and ranchers "the right to process their own food," casting the move as an effort to break what he called a "nasty monopoly" in…
- Ranchers have long argued that the concentration leaves them with too few buyers for their cattle and forces smaller producers to rely on distant, federally inspected slaughter facilities to bring beef to market.
- Agriculture Secretary Brooke Rollins said the administration would begin unveiling beef-processing actions Monday, including steps to reduce red tape, support smaller processors and expand ranchers’ ability to sell…
Sources
- Fox Businesslink