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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWill rising beef prices ever come down? Here's what experts say
NEXSTAR) Beef prices are going to remain high and likely climb even higher before consumers can expect to see any relief in the coming years, experts say.
Theres nothing anybody can do about it in the short run, Dr. Derrell Peel, a professor of agriculture economics and the extension specialist for livestock marketing at Oklahoma State University, told Nexstar. We dont have enough cattle, and it takes an extended amount of time to produce more. So were in it for the foreseeable future.
The high price of beef has prompted finger-pointing from politicians within the Trump administration and beyond. In separate interviews with Fox Business this past week, Agriculture Secretary Brooke Rollins and Treasury Secretary Scott Bessent blamed the Biden administration for at least some of the problems with supply.
But Democrats have argued that prices of several staple grocery items have only skyrocketed under President Trump, and that his tariffs on beef imports (which he finally said hed scrap earlier this month) have done nothing but exacerbate the problem.
https://www.yahoo.com/news/articles/rising-beef-prices-ever-come-140000182.html
But what about all the cattle they say migrants are bringing in?
walkingman
(10,154 posts)dedl67
(126 posts)Livestock production contributes about 14.5% of greenhouse gas emissions.
underpants
(194,012 posts)An aside, Howard Stern once observed about the failure of Trump steaks How in the ____ can you lose money selling red meat to Americans?
But Peel says the current cycle began in 2019, when herd sizes began to decline. Droughts in the following years certainly exacerbated the problem, but Peel also believes that uncertainty within the cattle industry fueled by the Trump administrations talk about importing beef, or open grazing land might now be gumming up the works of the cyclical cattle production cycle.
Bessent, in his interview, also claimed that rising beef prices could partially be blamed on migrants from Mexico who allegedly brought screw worm-infected cattle over the border, forcing the U.S. to stop imports from the country. But again, Peel said Bessent doesnt know what
hes talking about. Peel explained that the U.S. only imports between 1 million and 1.2 million head of cattle from Mexico per year, which is not insignificant, but only makes up about 3.3 percent of total imports, and isnt a major factor in rising prices.