beef

It has been a whiplash-inducing month for the American rancher, one of United States President Donald Trump’s most steadfast voting blocs.

Starting with an October 19 quip from Trump that the US would increase beef imports from Argentina to the ensuing rancher backlash against the announcement of an investigation into the hyperconsolidated US meatpacking industry and the dropping of tariffs on Brazilian beef, ranchers have found themselves caught between the president’s desires to appease both them and the American consumer in the face of high beef prices.

US ranchers have enjoyed rising cattle prices, largely the result of the lowest herd numbers for beef cattle since the 1950s. Other factors constricting supply include the closure of the Mexican border to live cattle due to concerns over screwworm and steep tariffs on foreign beef.

Cattle prices paid to ranchers are separate from consumer beef prices, which, as of September, were $6.32 for a pound (453 grams) of ground beef, an 11 percent rise from September 2024 when they were $5.67 a pound. The Bureau of Labor Statistics did not release economic data, including the consumer price index for last month, because of the government shutdown.

Trump had no patience for the typically loyal ranchers objecting to his plan to import more Argentinian beef, which they saw as a threat to their recent economic gains.

“If it weren’t for me, they would be doing just as they’ve done for the past 20 years – Terrible! It would be nice if they would understand that,” Trump wrote in an October post on his Truth Social platform.

While Corbitt Wall, a commercial cattle manager and market analyst, is clear that he “totally supports Trump and everything he does”, he also saw hubris and a misunderstanding of the cattle industry by the president.

“There was not a person in the cattle business on any level that was not insulted by that post,” he told Al Jazeera.

Wall religiously follows prices across the cattle trade from ranch to slaughterhouse and has watched the futures market for cattle slide down by more than 15 percent since Trump’s October 21 announcement.

Futures prices dictate what ranchers can expect to sell cattle for down the line and sway current sale prices as well. For ranchers’ sake, Wall said he hopes Trump leaves the cattle market alone.

“He doesn’t live in this world, in this cattle world, and doesn’t realise the impact that a statement can make in our business,” Wall said.

Years of rough seasons

Oregon rancher David Packham said that while cattle prices have jumped in ranchers’ favour, many are still struggling in the face of years of rough seasons.

Years of drought across the country raised feed costs for all and pushed some ranchers to sell off cattle. Sticker prices on farm equipment from tractors to pick-up trucks have ballooned as well, especially on the back of supply chain challenges during the COVID-19 pandemic, and are expected to rise further on account of Trump’s tariffs.

Packham said he has regularly sold cattle at a loss and doesn’t want consumers to think ranchers are living high off the hog.

“I’m looking at a 40-year-old tractor that I use on a daily basis just to keep putting off replacing it, making repairs, although it’s difficult to find parts for now, just to keep it limping along because I couldn’t afford $100,000 for a new tractor,” Packham said. “When I say we’re not really making a whole lot of money, it’s because we have all this loss carryover.”

Packham was a registered Republican until Trump’s first term. The president’s Argentina comments and the subsequent chaos for the cattle industry have propped open a door for ranchers critical of Trump, but they represent a minority within the community, he said.

“I’m noticing more and more of them [ranchers] that had been cautiously neutral, that are now kind of like me and just saying, ‘You know what? No. This is bulls***. He’s a train wreck,’” Packham said.

‘Perennial issue’

One action ranchers can support, however, is Trump’s November 7 announcement of a Department of Justice investigation into the big four US meatpackers – Tyson, JBS, Cargill and National Beef – “for potential collusion, price fixing and price manipulation”.

Historically, ranchers looking to sell cattle have held little negotiating power as the four companies control more than 80 percent of the market.

However, a prior Department of Justice investigation into meatpacker price-fixing was started under the first Trump administration in 2020 due to a gulf created by falling cattle prices and rising consumer beef prices. The investigation continued under President Joe Biden’s administration but was never publicly concluded. According to Bloomberg News, the investigation was quietly closed with no findings just weeks before Trump announced the November antitrust probe.

James MacDonald, a research professor in agricultural and resource economics at the University of Maryland, views the administration’s antitrust investigation announcement as “entirely for political consumption”.

“It is a perennial issue that p***es off ranchers, and you can gain some political ground by attacking the packers,” MacDonald said.

Packham would prefer the new investigation to come at a different time and said that given the squeeze from the tight cattle market, packers are operating under slimmer margins and not from a position of absolute power.

On Friday, Tyson announced the closure of a Nebraska beef-processing plant that employed more than 3,000 people. MacDonald called the decision a “shock” indicative of the depths of the US beef shortage. The current low cattle inventory in the US came from years of drought, which wiped out grazing lands and slowed herd rebuilding. Replenishing the cattle supply chain is a years-long process.

“That’s sort of a fact and a fundamental, and it’s not going to change for a while,” MacDonald said.

MacDonald also doesn’t believe the increased Argentina imports will ease this shortage or lower prices as the country largely sends lower-grade, lean beef to the US, accounting for only 2 percent of imports. He expected that while the reintroduction of largely lean Brazilian beef will impact the import market, it holds less weight on overall beef supply.

McDonald also cited heifer retention numbers, which indicate how many female cattle that ranchers hold back to produce future herds years down the line, which are still low.

Tyson likely factored in these numbers when making the decision to shutter its Nebraska plant, and it doesn’t seem like the industry is expecting herd numbers to rebound either, McDonald told Al Jazeera.

“It’s Tyson saying we don’t think cattle supplies are going to recover anytime soon,” MacDonald said.

While the actual mechanisms of Trump’s recent policies might not budge consumers’ bottom lines or change the cattle market for the time being, Wall is more concerned about the ripple effects from the news cycle, saying ranchers “live and die” by the cattle markets. While his faith is shaken, Wall regardless believes that ranchers, conservative as ever, will show up for Trump when election time comes around.

“You look at what the other side has to offer, and there’s no way people are going to go for that,” Wall said. “So in the long run, they’ll stick with him.”

Nov. 22 (UPI) — Tyson Foods is closing its Lexington, Neb., beef-processing plant to better position the food company for long-term success.

Tyson announced the change on Friday and said the plan is to “right size” the food firm’s beef business.

The company also is downsizing its beef facility in Amarillo, Texas, to a single shift that will operate at full capacity, but production will rise at other Tyson facilities to meet customer demand for beef products.

“Tyson Foods recognizes the impact these decisions have on team members and the communities where we operate,” Tyson said in a news release.

“The company is committed to supporting our team members through this transition, including helping them apply for open positions at other facilities and providing relocation benefits.”

Tyson officials said the changes will ensure it continues to “deliver high-quality, affordable and nutritious protein for generations to come.”

Nebraska Gov. Jim Pillen said in a statement that the Tyson Foods’ Lexington plant closure does not reflect poorly on the state and won’t end Tyson’s investment there.

“Nebraska’s cattle industry is resilient and the envy of the world, and our workforce can outwork anybody,” Pillen said.

“Our excellent cattlemen and cattle feeders have emerging opportunities and will still have the Tyson market to sell into as its planned reorganization will boost capacity and jobs at other Nebraska plants.”

He said Tyson officials have promised to provide new opportunities for Nebraskans.

“The state of Nebraska is ready to build for the future and do what it can do to support employees affected by this change,” Pillen added.

U.S. Sen. Deb Fischer, R-Neb., wasn’t as optimistic about the change.

“As the single-largest employer in Lexington, Tyson’s announcement will have a devastating impact on a truly wonderful community, the region and our state,” Fischer said in a social media post, as reported by Nebraska Public Media.

Lexington has a population of nearly 11,000 and is located 165 miles west of Lincoln.

Nov. 7 (UPI) — President Donald Trump on Friday wants the U.S. Justice Department to investigate the meatpacking industry for possible price fixing and collusion.

Trump posted about the situation on Truth Social while flying to South Florida for the weekend and after he met in the White House with three Republican senators from beef-producing states, who are opposed to importing beef from Argentina.

“I have asked the DOJ to immediately begin an investigation into the meatpacking companies, who are driving up the price of beef through illicit collusion, price fixing, and price manipulation,” Trump posted.

“We will always protect our American Ranchers, and they are being blamed for what is being done by a majority of foreign-owned meatpackers, who artificially inflate prices and jeopardize the security of our Nation’s food supply.

“Action must be taken immediately to protect consumers, combat Illegal monopolies, and ensure these corporations are not criminally profiting at the expense of the American people. I am asking the DOJ to act expeditiously.”

A short time later, he posted: “Cattle prices have dropped substantially, the price of boxed beef has gone up — therefore, you know that something is ‘fishy.’ We will get to the bottom of it very quickly. If there is criminality, those people responsible will pay a steep price!”

After the messages, Attorney General Pam Bondi posted on X: “Our investigation is underway! My Antitrust Division led by @AAGSlater has taken the lead in partnership with our friend @SecRollins at @USDA.”

Brooke Rollins is the agriculture secretary and Abigail “Gail” Slater leads the DOJ’s Antitrust Division.

The top four meatpackers control more than about 85% of the U.S. market — American companies Tyson and Cargill with JBS and National subsidiaries of Brazilian companies.

“This consolidation allows them to suppress prices paid to ranchers while keeping consumer prices high,” Farm Action said. “Importing more beef into this rigged system will not lower costs for families or restore fair markets for producers.

Three of the companies have been sued.

In October, Cargill and Tyson agreed to pay $87.5 million to settle a case alleging price fixing for beef while also denying any wrongdoing.

Earlier this year, JBS agreed to pay $83.5 million for its portion of a separate suit over alleged cattle price fixing.

Trump was taking aim on meatpacking instead of cattle raising, which has been affected by drought, smaller herds, labor shortages and lingering COVID-19 effects, Axios reported.

Trump has said overall grocery prices are going down but concedes beef costs are rising.

A CNN fact check pointed out in September that they were 1.4% higher than in January, when Trump returned to office, according to the Consumer Price Index.

There was a 0.6% increase in average grocery prices from July 2025 to August 2025, the biggest month-to-month jump in three years

Beef is up 13% in one year — the highest over most food items — according to the CPI.

Trump has attempted to increase the nation’s beef supply with increased imports.

The cattle industry and legislators, including Republicans, have opposed this move.

“President Trump’s plan to buy beef from Argentina is a betrayal of the American rancher,” Farm Action said.

“Those of us who raise cattle have finally started to see what profit looks like after facing years of high input costs and market manipulation by the meatpacking monopoly.

“After crashing the soybean market and gifting Argentina our largest export buyer, he’s now poised to do the same to the cattle market. Importing Argentinian beef would send U.S. cattle prices plummeting -and with the meatpacking industry as consolidated as it is, consumers may not see lower beef prices either. Washington should be focused on fixing our broken cattle market, not rewarding foreign competitors.”

Senate Majority Leader John Thune of South Dakota, opposes the imports.

“This isn’t the way to do it,” Thune told Semafor in October. “It’s created a lot of uncertainty in that market. So I’m hoping that the White House has gotten the message.”

Trump met with some Republican senators from beef-producing states: Sen. Cindy Hyde-Smith of Mississippi, Tim Sheehy of Montana and Markwayne Mullin of Oklahoma.

Hyde-Smith is a Republican from Mississippi whose family raises cattle. She is opposed to the imports.

In October, he announced plans to quadruple the tariff quota for imported Argentine beef from 20,000 to 80,000 metric tons. Any imports above this new quota with no tariff would still be subject to a higher 26.4% tariff.

In October, Trump authorized $20 billion loan to Argentina’s government and another $20 billion in financing from private lenders and sovereign wealth funds. It has been described as a bailout to Argentine President Javier Milei.

WASHINGTON — President Trump on Friday accused foreign-owned meat-packers of driving up the price of beef in the U.S. and asked the Department of Justice to open an investigation.

The Republican president announced the move on social media days after his party suffered losses in key elections in which the winning Democratic candidates focused relentlessly on the public’s concerns about the cost of living.

“I have asked the DOJ to immediately begin an investigation into the Meat Packing Companies who are driving up the price of Beef through Illicit Collusion, Price Fixing, and Price Manipulation,” Trump wrote in the social media post.

“We will always protect our American Ranchers, and they are being blamed for what is being done by Majority Foreign Owned Meat Packers, who artificially inflate prices, and jeopardize the security of our Nation’s food supply,” he continued.

Trump offered no proof to support his allegations.

Beef prices have soared to record levels in part after drought and years of low prices led to the smallest U.S. herd size in decades. Trump’s tariffs on Brazil, a major beef exporter, have also curbed imports.

Concentration in the meat-packing business has long been a concern for farmers and politicians on both sides of the aisle. There are four major meat-packing companies in the United States, and the largest beef company, JBS, is headquartered in Brazil. JBS USA did not immediately respond to a request for comment on Friday.

“Action must be taken immediately to protect Consumers, combat Illegal Monopolies, and ensure these Corporations are not criminally profiting at the expense of the American People,” Trump said.

Last month, Trump suggested the U.S. would buy Argentine beef to bring down stubbornly high prices for American consumers, angering U.S. cattle ranchers.

Trump’s accusations have renewed a bipartisan presidential fight against rising food prices.

Then-President Biden talked with independent farmers and ranchers about initiatives to reduce food prices by increasing competition within the meat industry. And then-Vice President Kamala Harris, whom Trump defeated last year, used her campaign to vow to crack down on food producers and major supermarkets “ price gouging.”

Superville and Karnowski write for the Associated Press. Karnowski reported from Minneapolis.