Trump, beef and Argentina
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National Cattlemen’s Beef Association CEO Colin Woodall said Trump’s idea to buy Argentine beef “only creates chaos at a critical time of the year.”
Recent political statements caused cattle prices to plummet despite unchanged market fundamentals, potentially delaying herd rebuilding until decade's end
Cattle futures prices fell in the second half of October on news that the U.S. may increase beef imports from Argentina. But beef prices didn't, and supply and demand remain about the same as before.
Beef prices in Oklahoma and nationwide are at record highs, expected to stay elevated for 2–4 years despite Argentine import plans.